FIN3150C1 Baker College Operation of Guaranteed Insurability Rider Questions

In APA formatting, answer the following questions:

  • Explain briefly the operation of the guaranteed insurability rider, the waiver of premium rider, and the double indemnity rider.
  • List and describe briefly the various settlement options under life insurance contracts.
  • Explain briefly how annuity distributions are taxed.
  • Explain the purpose of the annuity contract in a financial plan.