Term
| can be paid to the beneficiary under a life income option |
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Definition
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Term
| the cash-surrender value can also be disbursed under a |
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Definition
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Term
| under this life income option, installment pmts are paid only while the beneficiary is alive and cease on the beneficiary's death |
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Definition
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Term
| although the straight life annuity option provides the highest amt of installment income, there may be a substantial forfeiture of the proceeds if the beneficiary dies shortly after |
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Definition
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Term
| other life income options are more desirable than straight life annuity option b/c there is no |
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Definition
| refund feature or guarantee of pmts |
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Term
| under what life income option does the beneficiary receive a life income with a guaranteed period of pmts |
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Definition
| life income w/ guaranteed periods |
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Term
| under the life income w/ guaranteed period option, if the primary beneficiary dies before receiving the guaranteed number of years of pmts, the remaining pmts are paid to a |
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Definition
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Term
| under what life income option does the beneficiary receive a lifetime income, and the total amt paid is guaranteed |
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Definition
| life income w/ guaranteed total amt |
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Term
| w/ the life income w/ guaranteed total amt option, if the beneficiary dies before receiving installment pmts equal to the total amt of insurance placed under the option, the pmts continue until the total amt paid equals the |
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Definition
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Term
| w/ the life income w/ guaranteed total amt option, females receive lower monthly pmts b/c of a longer |
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