| 释义 |
Settlement options Settlement optionsThe various possibilities open to a beneficiary under a life insurance policy as to how the benefit will be paid out.Settlement OptionsAny of a number of possibilities for the beneficiary of a life insurance policy to receive payment. Among the options are the reception of a lump sum, monthly payments for a certain number of years, smaller monthly payments for the remainder of the beneficiary's life, and leaving the benefit with the insurance company and collecting interest with the option of withdrawing the principal at any time. |