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What factors should he consider before making the election

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Reference no: EM131173674

Fernando, age 55, is the beneficiary of his mother's 200,000 life insurance policy.

The insurer has requested that he select a settlement option for payment of the proceeds.

What factors should he consider before making the election?

1. His current income needs

2. His asset management liability

3. His net worth

4. His estate planning goals

5. His tax liability on the 200,000.

Reference no: EM131173674

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