Survival Benefits in Life Insurance
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Questions and Answers

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?

  • 6%
  • 5% (correct)
  • 3%
  • 4%
  • 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)
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