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If no settlement option is chosen, the insurance company or financial institution typically determines the payout method based on their established policies and the terms of the contract. This may include a lump-sum payment, annuity, or other forms of disbursement. It's important for policyholders to review their agreements to understand the default payout options. In some cases, the governing laws or regulations may also influence the payout method.
What else can I help you with?
How much does a major league umpire get paid for a World Series game?
Major League umpires chosen to work the World Series get paid a bonus of $20,000. This is on top of the $17,500 bonus they receive for working the early rounds of the playoffs.
Was judah anointed as the first king of israel?
King Saul is chosen as the very first king of Judah, very much against the wishes of the prophet Samuel, as the people wanted a king just like the other tribes who lived around them, Samuel said that God is there but the people paid no heed to him , and Saul was chosen.
Who paid Leif Erikson?
Leif Erikson, the Norse explorer, is believed to have been motivated by a combination of personal ambition and the support of his father, Erik the Red, who had established a settlement in Greenland. However, there is no historical record of a specific individual or organization that "paid" Leif Erikson for his explorations. His expeditions were likely self-funded, driven by a desire for discovery and adventure rather than financial backing.
What were laborers paid with?
They were paid with salt.
How much do wide receiver get paid?
they get paid 200,000
When the policy owner specifies a dollar amount in which installments are to be paid he has chosen which settlement option?
Fixed Amount
When a reduced-paid up nonforfeiture option is chosen what happens to the face amount of the policy?
IT IS REDUCED TO THE AMOUNT OF WHAT THE CASH VALUE WOULD BUY AS A SINGLE PREMIUM
Where can you find a cash settlement?
A cash settlement can be obtained through an insurance company if you have a claim in which money is owed to you. A cash settlement is usually paid in one lump sum, as opposed to a structured settlement of paid installments.
How do you pay out of court settlement?
Follow the terms of the settlement, which usually includes that the plaintiff be paid. Normally they get paid directly, not through the Court.
Who paid for settlement in Jamestown?
The London company
What determines how much a repossession agent gets paid?
The repo agent determines it. Same as you determine how much you get paid. the more you want to make , the better you are at your job.
What is an example of a sentence with the word settlement?
The Plymouth settlement was one of the first US colonies.People made a settlement along the river.The settlement paid $2 million dollars to the victim's family.
Who determines how much government officials get paid?
The Congress decides.
Where do you get the papers showing taxes paid on a lawsuit settlement?
From your attorney
What to do if workman's comp settlement will not cover medical bills and they were paid by medicare?
Nothing the bills were paid by Medicare.
How much do lawyers get paid from a settlement?
From my experience working in a PI law firm. The atty cut was 1/3 of total settlement before bills were paid then client.
Can the cash for down payment includes the closing cost?
A total down payment includes the required down payment for the loan and whatever settlement charges are not being paid by the seller. If this is related to that FHA question earlier, it would be 3.5% plus whatever settlement charges aren't being paid by the seller. If you're coming up short, you might have the option of raising your interest rate and having less or no closing costs.
