Finra Series-6 Exam - Topic 1 Question 10 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 10
Topic #: 1

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:

Afixed-amount settlement.

Bfixed-period settlement.

Clife-income settlement.

Dguaranteed-payment settlement.

Show Suggested Answer

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

3 months ago

Fixed-period settlement guarantees equal payments over time.

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Novella

3 months ago

Wait, are you sure? I always get these mixed up!

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Rosita

3 months ago

Agreed, fixed-period is the right term here.

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Horace

4 months ago

I thought it was a fixed-amount settlement.

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Jerry

4 months ago

It's definitely a fixed-period settlement!

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Malcolm

4 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

4 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

4 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

5 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

5 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

5 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

5 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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