Briefly explain the four common settlement options
What will be an ideal response?
Answer:
1. The lump-sum settlement gives a beneficiary the entire death benefit in one large check.
2. An interest-only settlement provides payment of interest while the company holds the principal.
3. The installment-payments option pays the beneficiary both principal and interest over a fixed period or in fixed payments.
4. A life annuity option gives the beneficiary an income for life, generally in a monthly check.
You might also like to view...
After assessing a negative message, a quick response should be made based on what?
A) Automated reputation analysis feedback B) A public relations plan C) Stakeholder feedback D) Advice from experts such as the legal department E) Comments from the online community
The board of directors carries out the day-to-day operations of a corporation
Indicate whether the statement is true or false
Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The hamster food can be sold as it is for $9.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 10,000 bags of Premium Green and 3,000 bags of Green Deluxe, which can be sold for $8 and $6 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:
A. $6,000. B. $96,000. C. $2,000. D. $8,000. E. $98,000.
Robin recently bought Voice over Internet Protocol (VoIP) phone service. A few of Robin's friends bought VoIP before she did, but many other friends were interested in Robin's opinions of the new phone service. Robin is a(n) ________ in this product category.
A. innovator B. late majority adopter C. laggard D. early majority adopter E. early adopter