Chapter 13d - policy in which the company retains the...

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Go to: http://moneycentral.msn.com/ investor/calcs/n_life/main.asp This Web site provides a recommendation for the amount of life insurance you should have based on your financial situation Settlement Options on a Life Insurance Policy Settlement options: the alternative ways a beneficiary can receive life insurance benefits in the event that the insured person dies Lump-sum settlement: a single payment of all the benefits owed to a beneficiary under a life insurance policy Settlement Options on a Life Insurance Policy (cont'd) Installment payments settlement: the payment of the benefits owed to a beneficiary under a life insurance policy as a stream of equal payments over a specified number of years Settlement Options on a Life Insurance Policy (cont'd) Interest payments settlement: a method of paying the benefits owed under a life insurance
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Unformatted text preview: policy in which the company retains the amount owed for a specified number of years and pays interest to the beneficiary Key Features of Types of Insurance Major Advantages/Disadvantages of Life Insurance Major Advantages/Disadvantages of Life Insurance (Continued) Selecting a Life Insurance Company Other types of insurance May be available from the same company Make sure the company offers the specific policy you want Services Relatively low insurance premiums Strong financial condition How Life Insurance Fits within Your Financial Plan Key decisions about life insurance for your financial plan are: Do you need life insurance? What type of life insurance is most appropriate for you? How much life insurance should you plan for in the future?...
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This note was uploaded on 02/22/2012 for the course FINANCE 250 taught by Professor Maryevans during the Spring '12 term at Rutgers.

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