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Finra Series-6 Exam - Topic 1 Question 10 Discussion

A settlement option associated with a variable life policy in which the insurance company guarantees that the beneficiary will receive equal payments over a specific length of time is known as a:
B) fixed-period settlement.
A) fixed-amount settlement.
C) life-income settlement.
D) guaranteed-payment settlement.

Finra Series-6 Exam - Topic 1 Question 10 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 10
Topic #: 1
[All Series-6 Questions]

A settlement option associated with a variable life policy in which the insurance company guarantees that the beneficiary will receive equal payments over a specific length of time is known as a:

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Suggested Answer: B

A settlement option associated with a variable life policy in which the insurance company guarantees that the beneficiary will receive equal payments over a specific length of time is known as a fixed-period settlement. The amount that will be paid is uncertain, but the payments will continue for the period specified. With a life-income settlement option, the beneficiary will receive guaranteed payments for the rest of his life, but ''the rest of his life'' is not a specific length of time.


by Glen at May 07, 2022, 05:01 AM

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Desmond
8 months ago
Fixed-period settlement guarantees equal payments over time.
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Novella
8 months ago
Wait, are you sure? I always get these mixed up!
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Rosita
8 months ago
Agreed, fixed-period is the right term here.
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Horace
8 months ago
I thought it was a fixed-amount settlement.
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Jerry
8 months ago
It's definitely a fixed-period settlement!
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Malcolm
9 months ago
I’m leaning towards fixed-period settlement too, but I wonder if guaranteed-payment settlement could be a trick option.
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Toi
9 months ago
I feel like life-income settlement is related to lifetime payments, not equal payments over a set time.
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Graciela
9 months ago
I remember something about fixed-amount settlements, but I can't recall if that's the right term for guaranteed equal payments.
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Ling
9 months ago
I think the answer might be fixed-period settlement, but I'm not completely sure. It sounds familiar from our practice questions.
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Gene
9 months ago
Okay, let me think this through. The key things to consider are the physical infrastructure and logistics - so availability of the building and accessibility to transportation routes are definitely important. I'll go with those two options.
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Lai
10 months ago
I think we need to ensure one Element Role is listed for both the Active and Standby server, but I'm not completely sure if that's the right wording.
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Tamekia
10 months ago
Establishing VPNs was mentioned in our security module. It seems like a practical measure to protect video data from eavesdropping, but I'm a bit iffy on the specifics.
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