Which of the following options are considered basic settlement options in life insurance?

The correct answer highlights the basic settlement options commonly available in life insurance policies. These options generally provide policyholders with various ways to receive death benefits.

The fixed amount settlement option allows beneficiaries to receive a specific dollar amount on a regular schedule until the total benefit is exhausted. The fixed period option pays out the benefits over a predetermined timeframe, providing consistent cash flow for that duration. The interest option involves leaving the proceeds with the insurance company to earn interest, which can then be distributed to beneficiaries. The fixed period and for life option combines elements of the previous options, ensuring that the beneficiary receives payments for a fixed term and then can continue receiving payments for the rest of their life.

These choices are designed to meet different financial needs of beneficiaries, offering flexibility in how they receive benefits. The clarity of these options makes them integral to understanding basic life insurance settlements.

In contrast, the other choices represent various aspects of insurance policies that do not pertain directly to the settlement of death benefits. For instance, cash surrender value and automatic premium loan relate more to the policy's cash value and loans rather than settlement options, while double indemnity and total disability waiver of premium pertain to policy features and riders rather than settlement methods. Meanwhile, policy loans, assignment,