Settlement options

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 ?
They work candidly with the mediator in making good faith offers and generating creative settlement options. Effective companies are thus better equipped with a fuller understanding of the case and the prospects for settlement.
Those with this credential are trained to evaluate the tax implications of dividing property, settlement options for dividing pensions, marital property, awarding of child and spousal support and to help determine the financial needs and outcomes for couples after divorce.
* Flexible coverage offerings, limits and loss settlement options to help customize a policy to a customer's needs.
The trial would mark the second bellwether, or test trial, to help determine the range of damages and define settlement options for federal cases.
Work through the analysis with the broader team and highlight the advantages and disadvantages of the various legal interpretations and settlement options, bearing in mind the broader commercial and strategic objectives of the business and the potential financial and relationship implications.
Public sector insurers New India Assurance, the Oriental Insurance and private sector insurers IFFCO Tokio General Insurance and DHFL General Insurance have partnered with Policybazaar.com to offer customers easy access and cashless settlement options through the launch of this new feature.
BMP Chairman Leody de Guzman recommended settlement options in the Hanjin case in favor of the affected work force and the national economy.
Former senator Farhatullah Babar raised a point regarding reviewing Section 25 of the NAO, which deals with two settlement options. A press release, on the occasion, stated that Babar opined that the ordinance was used for political re-engineering and there should be no sacred cows if the law is to be reviewed.
But both sides agree they will need more time to assess possible settlement options, and they jointly requested a postponement of a settlement conference scheduled for next month.
To facilitate existing DHA Multan customers, Bank Islami will offer them early and partial settlement options and discounted rates.
To facilitate existing DHA Multan customers, BankIslami will offer them early and partial settlement options and discounted rates.
Earthport offers clients access to global payment capability in 200+ countries and territories, with local ACH options in 65+ countries and an evolving suite of currencies and settlement options.