PHAN THẾ HUY
10 PROCEEDS
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Policy Proceeds

1. For review, determine when applying a policy concept, complete this life-insurance rule: The death benefit is paid to the ___ under the policy, subject to policy terms and assignments. Which option belongs in the blank.

Policy Proceeds

2. Review scenario 142: In a licensing-exam fact pattern, these facts apply: Outstanding policy loans and accrued interest generally reduce the amount payable at death. Which option best identifies the concept being tested?

Policy Proceeds

3. Review scenario 143: While reviewing a policy file, these facts apply: Lump-sum settlement pays the available proceeds in one payment. Which option best identifies the concept being tested?

Policy Proceeds

4. Review scenario 144: During a coverage discussion, these facts apply: With fixed period, the chosen number of years determines the installment schedule. Which option best identifies the concept being tested?

Policy Proceeds

5. Review scenario 145: In a case-study question, these facts apply: Fixed amount pays a chosen amount periodically until principal and interest are exhausted. Which option best identifies the concept being tested?

Policy Proceeds

6. Review scenario 146: A life-income settlement option is designed to address which risk for the beneficiary?

Policy Proceeds

7. Review scenario 147: If a valid collateral assignment exists at death, who has priority to the assigned amount?

Policy Proceeds

8. Review scenario 148: If no beneficiary survives and the policy directs payment to the insured's estate, proceeds become part of:

Policy Proceeds

9. Review scenario 149: Interest added to delayed death proceeds is generally intended to compensate for:

Policy Proceeds

10. Review scenario 150: A spendthrift clause or arrangement is intended primarily to:

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