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 amou

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Since you're reading about Series 66: Settlement Options For Insurance Policies, you might also be interested in:

Series 66 - Section One

Series 65 - Chapter 4 Practice Questions

Series 65 - 7.3.16.1. Review of Bond Nomenclature

Series 7 - 6.4. Exchange-Traded Funds (ETFs)

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