Series 7: 8.3.6. Settlement Options For Insurance Policies

Taken from our Series 7 Online Guide

8.3.6. Settlement Options for Insurance Policies

The insured can choose how the beneficiary will be paid. Here are some of the possibilities:

• Lump sum. The entire amount is paid upon death.

• Fixed amount. The amount is put into an interest-bearing account, and the beneficiary receives a fixed amount over regular increments of time until the amount runs o

+ Read More

More Series 7 Info

What are people saying?

Create an Account

Since you're reading about Series 7: 8.3.6. Settlement Options For Insurance Policies, you might also be interested in:

Series 51 - Municipal CMOs

Series 51 - Introduction

Series 3 - 3.4.1. Intramarket Spreads

Series 53 - Divided and Undivided Accounts

Series 63 - The Securities Act of 1933

Series 26 - Commissions, Charges, and Markups

Series 65 - 5.2.3.3 Example of Balance Sheet and Income Statement

Series 65 - Chapter 10 Practice Questions

Series 65 - Section One

Series 24 - Privacy Notice– Regulation S-P

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

The series 7 quizzes were what made the study material the best. I just passed the series 7, it was my second time with Solomon. I Passed the SIE first attempt with their study material and it took me until the second attempt to pass the series 7 with their study material. The unlimited practice quizzes was what helped me pass. What an exciting day! I will be using them for the next 63 or 66!

Patrick Deal, Cape Securities. Frisco, TX

I found encouragement along the way from reading other people's testimonials, so payback is to write one of my own. Solomon is the gold standard for customer service. I passed the 66, SIE first tries -- received a 69% on the 7 (failed), but passed on the 2nd attempt. I'm in awe over the outreach I received from day 1 but especially from Jeremy on how to move forward after falling short on the Series 7 - followed his advice - one of which was to get the accompanying videos and passed. Watching/studying the Chapter 5 video had a big impact. I also printed the questions I got wrong that I particularly struggled with while taking the online exams, printed and/or turned them into flashcards, then taped many of them around the house. It forced me to constantly revisit the information and moved me past a superficial understanding. I'll take a messy-looking home for a short time than having to retake a 3 hour and 45 minute exam.

Brook Langston, Everspire. Salt Lake City, UT

Thank you Solomon! I was able to pass the SIE, 7, 63 and 24 in a relatively short time period. The practice exams with answers really helped and when I had a question for The Professor, I always received a quick and accurate response. Solomon is definitely the way to go.

Seth Schader, CCO, Mercer Island, WA

Just passed the series 7 today! Solomon was a huge help, as I used the practice exams exclusively. When preparing for this exam, make sure to allocate ~70% of your time on compliance, opening accounts etc. Looking forward to passing the series 66. I will continue using Solomon!

Blake Rossman, True Wealth Financial Partners. Fircrest, WA

Within a few months, I passed the SIE, Series 7, 63, 65, & 79 exams all on the first try using Solomon Exam Prep. This material will prepare you for the actual exam. I will say in many instances the practice exams are more difficult than the actual exam. Solomon and the various tracking metrics will more than help you prepare for the rigors of exam day. I highly recommend the practice exams and ability to dive back in to review weak areas. I will continue to use their products and services in the future.

Andrew Ezzat, Bank of America. Tampa, FL.

Jeremy, I passed the Series 7 yesterday with an 87% using only your book and online practice tests. Thanks!

Aaron Johnson, Humble, TX