Question 2027 of 287 · Texas Life, Accident and Health Agent Exam
Which settlement option pays a fixed sum for a fixed number of years until the proceeds and interest are exhausted?
Exactly one answer is correct.
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Correct answer to question 2027
- C: Fixed period (period certain)
Explanation
The fixed period option provides an equal amount for a set time and ends when the proceeds are gone. Fixed amount pays the same dollar amount until the funds run out.
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