Series 66: Settlement Options For Insurance Policies

Taken from our Series 66 Online Guide

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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 regular increments of time until the amo

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