Jane purchased a life insurance policy on her own life and named her d
Jane purchased a life insurance policy on her own life and named her daughter, Cheryl, as beneficiary.
Cheryl has a history of not managing money well. Jane wants the death benefit paid to Cheryl in monthly installments over 20 years. Which settlement option should Jane pre-select for Cheryl?
A) lump sum
B) fixed amount
C) fixed period
D) interest option
ANSWER
Answer: C
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