The policyowner wants to make sure that upon his death, the life policy will pay a portion of the proceeds annually to his spouse, but that the principal will be paid to their children when they reach a certain age. which settlement option should the policyowner choose?

interest only option

Explanation:

Interest only option -

In this settlement option , the company keeps the policy proceeds and pay the only pay the interests to the person during the regular interval , is known as the interest only option .

Same is the case given in the question ,

where ,

the policy owner need to be sure that the amount after his death , would be payed to his spouse and the principal amount to the children as soon as they reach a certain age , hence , the settlement option to be considered by the policy owner should be interest only option .

not  

cuba  

russia  

iraq  

el salvador  

explanation:

known as the land of volcanoes, el salvador has visit seismic tremors and volcanic movement. it is the main nation in central america that does not have a coastline on the caribbean sea. about portion of all salvadorans live in the wide open. they are poor and don't have power or running water in their homes. in 1525, pedro de alvarado, a lieutenant of cortés's, vanquished el salvador. el salvador, with alternate nations of central america, pronounced its freedom from spain on sept. 15, 1821, and was a piece of a league of central american states until the point when that association broke up in 1838.