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Insurance & Risk Management
11. Chapter 12: Life Insurance Contractual Provisions/Settlement options
11. Chapter 12: Life Insurance Contractual Provisions Illustration
Syllabus Slides

Settlement options

01.Core Concepts

Settlement options allow for periodic payments to the family, restoring their financial security Disadvantages include: Interest rates offered by insurers may be lower than rates offered elsewhere The settlement agreement may be inflexible and restrictive Life income options have limited usefulness at younger ages ‹#›