Series 6: 6.3.5. Settlement Options For Insurance Policies

6.3.5. Settlement Options for Insurance Policies

The insured can choose how the beneficiary will be paid. Here are some of the possibilities:

• Lump sum. The entire amount is paid upon death.

• Fixed amount. The amount is put into an interest-bearing account and the beneficiary receives a fixed amount over regular increments of time until the amount runs o