Shared Flashcard Set

Details

Chap 12-21
Section 21
7
Finance
Undergraduate 4
10/28/2011

Additional Finance Flashcards

 


 

Cards

Term
in certain circumstances, it may be desirable to have the policy proceeds paid to a what rather than disbursed under the settlement options?
Definition
trustee
Term
trustees should be used when the amt of insurance is
Definition
substantial
Term
trustees are ideal when what is needed in the amt and timing of pmts?
Definition
considerable flexibility and discretion
Term
if there are minor children or mentally handicapped adults who cannot manage their own financial affairs, what should be used over settlement options?
Definition
trustee
Term
if the amts paid must be periodical changed as the beneficiary's needs and desired change, what should be used?
Definition
a trusteee
Term
the advtgs of a trustee are partially offset by the pmt of a
Definition
trustee's fee
Term
a disadvtg of using a trustee is that investment results cannot be
Definition
guaranteed
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