Explore the various settlement options available in life insurance policies beyond the traditional lump sum payment. Learn about choosing the right payout alternative for your needs.
Learn about commutation in life insurance, a process where policyholders trade a series of future payments for a lump sum settlement. Understand its benefits and implications.
Learn about installments certain in life insurance, an option where the settlement is paid in equal portions for a specified time frame. Understand its benefits and implications.
Explore the different ways in which a beneficiary can receive the payout of a life insurance policy. Learn about the optional modes of settlement in life insurance.
Explore the life income option in liability insurance, where the beneficiary receives installments for life, regardless of principal exhaustion.
