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Questions and Answers
What is the Guaranteed Income payout frequency for the Level Income with Enhanced Lump sum Benefit variant?
What is the Guaranteed Income payout frequency for the Level Income with Enhanced Lump sum Benefit variant?
- Annual (correct)
- Quarterly
- Semi-Annual
- Monthly
Under the Increasing Income with Lump sum Benefit option, what is the interest rate at which the Income Benefit payout increases?
Under the Increasing Income with Lump sum Benefit option, what is the interest rate at which the Income Benefit payout increases?
- 6%
- 5% (correct)
- 3%
- 4%
What factors determine the Level Income Benefit payout percentage?
What factors determine the Level Income Benefit payout percentage?
- Policy Maturity, Deferment Period, Premium Payment Term
- Life Insured’s Age at inception of the policy, Annualized Premium
- All of the above
- Benefit Option, Income Variant, Policy Term (correct)
