What does it mean on a vivacity insurance beneficiary change sheet where on earth it says "1X settle up, 2x pay, etc.) as option...? Does it have anything to do near being married?
Answers: No. It have to do with how much the beneficiary receive if you die. 1x pay finances that they receive what you earn per year. 2x pay scheme that they receive twice your annual pay. Etc.
The holder of a duration insurance policy can designate anyone that he/she wants as beneficiaries. Marital status or relationship have nothing to do beside it. When you designate your benefiiciaries, that is the payout. Do you want that individual to get a 1 time sum of all the money or do you want it separated into payments.
Most ancestors do the 1 pay. But I enjoy seen my clients chose the option of the wife getting monthly payments over the course of 10 years as example.
Good luck. www.sensinsurance.com
for more information about enthusiasm insurance http://theclickinfo.com/insurance.go
Answers: No. It have to do with how much the beneficiary receive if you die. 1x pay finances that they receive what you earn per year. 2x pay scheme that they receive twice your annual pay. Etc.
The holder of a duration insurance policy can designate anyone that he/she wants as beneficiaries. Marital status or relationship have nothing to do beside it. When you designate your benefiiciaries, that is the payout. Do you want that individual to get a 1 time sum of all the money or do you want it separated into payments.
Most ancestors do the 1 pay. But I enjoy seen my clients chose the option of the wife getting monthly payments over the course of 10 years as example.
Good luck. www.sensinsurance.com
for more information about enthusiasm insurance http://theclickinfo.com/insurance.go