Following the death of the policy holder, the way in which proceeds from a life insurance policy are paid to the beneficiary (or beneficiaries) is known as the settlement option. And you might be surprised to learn that there are a variety of settlement options available besides the most common method—a lump-sum payout.
Read MoreWhile purchasing life insurance may seem pretty straightforward, it’s actually quite complex, especially with so many different types available. Here are some of the most popular kinds of life insurance and the pros and cons that come with each one.
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