Summary |
The book is designed to help people who are interested in developing sound life insurance programs. It brings together for the first time the basic concepts and practices essential to the use of settlement options in distributing life insurance proceeds. Briefly, settlement options constitute the various ways in which life insurance proceeds may be disbursed to provide cash or income payments to meet family or business financial needs. Properly used, however, the settlement options also provide a money management service unequaled by any other investment.
This book is devoted chiefly to the proper use of this money management service in life insurance programming. Settlement options are the essential tools of programming, and much has been written about them, as such. However, this material has usually appeared as part of a large work on life insurance, often with primary emphasis on how to use the guaranteed income rates under the options for the purely mathematical process of determining how far present insurance will go and how much new insurance may be needed. The phase of programming about which the least has been written is that of following through to put into effect a coordinated plan for actual disbursement of life insurance proceeds.
|
