What is the other term for the cash payment settlement option?

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What is the other term for the cash payment settlement option?

a) Principal amount
b) Face amount
c) Proceeds
d) Lump sum

Answer: d) Lump sum

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In an insurance contract, the element that shows each party is giving something of value is called

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What is the other term for the cash payment settlement option?
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Life income joint and survivor settlement option guarantees
What is the other term for the cash payment settlement option?
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What is the other term for the cash payment settlement option?
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