Question 2028 of 287 · Texas Life, Accident and Health Agent Exam
In the interest only settlement option, the beneficiary
Exactly one answer is correct.
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Correct answer to question 2028
- A: receives only the interest earned while the principal stays with the insurer
Explanation
The proceeds stay on deposit and earn interest, which is paid periodically. The beneficiary may later withdraw the principal or choose another option.
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