3 Questions
What is the Guaranteed Income payout frequency for the Level Income with Enhanced Lump sum Benefit variant?
Annual
Under the Increasing Income with Lump sum Benefit option, what is the interest rate at which the Income Benefit payout increases?
5%
What factors determine the Level Income Benefit payout percentage?
Benefit Option, Income Variant, Policy Term
"Test Your Knowledge: Understanding Survival Benefits in Life Insurance Policy" Explore your understanding of survival benefits in life insurance policies with this informative quiz. Learn about the different income variants such as level income with lump sum benefit and level income with enhanced lump sum benefit. Test your knowledge on how these benefits are paid out and when, as well as the importance of paying due premiums. Keywords: survival benefits, life insurance, premiums, level income, lump sum benefit.
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