Settlement options

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Settlement options

The various possibilities open to a beneficiary under a life insurance policy as to how the benefit will be paid out.

Settlement Options

Any of a number of possibilities for the beneficiary of a life insurance policy to receive payment. Among the options are the reception of a lump sum, monthly payments for a certain number of years, smaller monthly payments for the remainder of the beneficiary's life, and leaving the benefit with the insurance company and collecting interest with the option of withdrawing the principal at any time.
References in periodicals archive ?
* Guaranteed replacement cost with a cash settlement option, allowing customers to choose when and where to rebuild in the event of a total loss
It is therefore important for us to raise the awareness and educate people about the benefits of structured settlements so that more claimants can take advantage of this important settlement option."
We as New India are extremely happy to partner with Policybazaar in this endeavour for providing Cashless settlement option to our customers", said J K Garg, General Manager, the New India Assurance Co.
Paxos has announced BitPay is integrated with the Paxos Standard token (PAX) as a settlement option for BitPay merchants, the company said.
Delinquent employers who are qualified for the settlement option are those with outstanding obligations of at least P100,000 exclusive of penalty, with or without pending cases before the Prosecutor's Office, courts, and the Social Security Commission, and with or without subsisting approved settlement scheme.
Delinquent employers who are qualified for the additional settlement option are those with outstanding obligation of at least P100,000 exclusive of penalty, with or without pending cases before the Prosecutor's Office, courts, and Social Security Commission (SSC), and with or without subsisting approved settlement scheme.
Bayston, CFA, president and chief executive officer of LISA, said, "The life settlement industry has been enjoying steady growth in recent years and our members are projecting to sustain that growth for the next decade as more seniors become aware of the life settlement option as an alternative to lapsing or surrendering a life insurance policy.
We remain committed to operating Doraleh port as per original the original agreement of the concession, and we will not consider any other alternative settlement option"
It is clear that Anastasiades has decided to take the cowardly road to partition -- by stealth, creating the conditions that would make it the only settlement option. In this way, he would take no responsibility, presenting it as an imperative and blaming it on Turkish intransigence.
When either of these two conditions does exist, and the policy is going to be lapsed or surrendered, then the life settlement option should be front and center.
There is flexibility in selection of cars (locally manufactured as well as imported vehicles), facility against brand new as well as used vehicle; loan amount extended up to 90 percent of the value of vehicle, loan tenure is from 1 to 5 years, co-borrower facility available with comprehensive insurance coverage from reputed insurance companies and early settlement option.
Our victory in The Hague notwithstanding, there appears no other peaceful settlement option but a negotiated, and not a confrontational, one.