Do Insurance Companies Take Back Interest? Death Benefit Explained for the Exam!
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Do Insurance Companies Take Back Interest? Death Benefit Explained for the Exam!
📝 Insurance Exam Prep: Here’s what you need to know about interest and the death benefit: 🔹 Death benefits are typically paid out as a lump sum to beneficiaries 🔹 If settlement options include installments, interest may accrue on unpaid amounts 🔹 On the exam: Know that insurers don’t “take back” interest — it’s taxable ...
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