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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Settlement Options |
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The policyowner (prior to the death of the person insured) or the beneficiary (after the death of the person insured) of a term or permanent life insurance policy has several choices or settlement options regarding the method by which policy proceeds or death benefits will be paid by the insurance company upon the death of the insured. Settlement options include lump sum, life income option, joint and survivor option, life income with period certain option, and period certain only option. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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