Life Income with Period Certain Option

1 minuteread by Gary Huddleston

Life Income with Period Certain Option — a life insurance settlement option under which a beneficiary may have policy proceeds converted to a life annuity for the beneficiary with the benefit period based on the beneficiary’s life expectancy and payments that continue for that period of time whether or not the beneficiary lives. Also known as lifetime income with period certain option.

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1 minuteread by Gary Huddleston

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