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Exam (elaborations)

Alabama life and health questions and answers

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Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fixed period option C. Interest only option D. Life income option - answer-D. Life income option A man with an Accidental Death & Dismemberment (AD&D) policy having a Principal Sum of $100,000 and a Capital Sum of $50,000 loses a leg due to a blood clot which was not due to an accident. The policy will pa

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Institution
Alabama Life And Health Quers Bill
Course
Alabama life and health quers Bill











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Institution
Alabama life and health quers Bill
Course
Alabama life and health quers Bill

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Uploaded on
March 16, 2024
Number of pages
41
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

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