Definition of "Settlement Options"

One of several ways, other than immediate payment in a lump sum, in which the insured or beneficiary may choose to have policy proceeds paid.

One of several ways, other than immediate payment in a lump sum, in which the insured or beneficiary may choose to have policy proceeds paid.

One of several ways, other than immediate payment in a lump sum, in which the insured or beneficiary may choose to have the certificate proceeds paid.