Settlement

Settlement in Insurance and Legal Terminology: Comprehensive Guide
Understand the term 'Settlement' used in insurance and legal contexts. Learn how settlements function as mutually agreed-upon agreements or payments between involved parties, and the potential requirement for court approval.
Understanding Lump Sum in Life Insurance
Learn about the lump sum settlement option in life insurance, where the insured or beneficiary receives the entire payout amount at once.

Insurance Terms Lexicon

Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.

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