A beneficiary has the right to choose a settlement option
Dividends on the policy are paid yearly.
The cash value in a policy belongs to the insured even if the policy lapses or is surrendered
The premiums on their policy will never increase
Life income with Period Certain.
It is valid during the insured’s lifetime only, because the death benefit is payable to the named beneficiary.
It transfers the owner’s rights under the policy to the extent expressed in the assignment form
It is the same as a beneficiary designation
It permits the beneficiary to designate the person or persons to receive the benefits
Accumulation at Interest
Reduction of Premium
$100,000 plus the total of paid premiums
Joint and Survivor.
Here's an interesting quiz for you.