Series 66: 3.7.4.3. Settlement Options For Insurance Policies

3.7.4.3. 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