Series 66: 3.7.4.3 Settlement Options For Insurance Policies

Taken from our Series 66 Online Guide

3.7.4.3  Settlement Options for Insurance Policies

The insured can choose how the beneficiary will be paid. Here are some of the possibilities:

Lump sum. The entire amount is paid upon death.

Fixed amount. The amount is put into an interest-bearing account, and the beneficiary receives a fixed amount over

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