{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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?...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern