Autosomal recessive: A genetic condition that appears only in individuals who have received two copies of an autosomal gene, one copy from each parent. The gene is on an autosome, a nonsex chromosome.The parents are carriers who have only one copy of the gene and do not exhibit the trait because the gene is recessive to its normal counterpart gene.If both parents are carriers, there is a 25% chance of a child inheriting both abnormal genes and, consequently, developing the disease.he parents are carriers who have only one copy of the gene and do not exhibit the trait because the gene is recessive to its normal counterpart gene. If both parents are carriers, there is a 25% chance of a child inheriting both abnormal genes and, consequently, developing the disease.
Fixed-Period Installment Option. A settlement option whereby the proceeds are guaranteed to be paid in equal installments for a specified period of time. Proceeds are retained by the insurance company and paid in equal installments over a specified period of months or years. Payments are comprised of both principal and interest.
Settlement Options and Illustrations. SETTLEMENT OPTIONS Death proceeds of a life policy can be paid out in five different options: lump-sum, fixed amount, fixed period, interest only, and life income. a. Lump-sum - Although this option is still available it is not used as frequently as the others. b.