Life insurance policy Death Benefit or cash value paid out in a series of installments, rather than in a lump sum. See also Fixed-Amount Settlement Option; Fixed-Period Option Settlement; Life Income; Life Income With Period Certain.
| Insurance Dictionary: Installment Settlement |
Life insurance policy Death Benefit or cash value paid out in a series of installments, rather than in a lump sum. See also Fixed-Amount Settlement Option; Fixed-Period Option Settlement; Life Income; Life Income With Period Certain.
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