MLchartDataset catalogue

Installment settlement

Term · Insurance and risk management · MLC-T-INS-001847

A method of paying insurance claim proceeds or life insurance death benefits in a series of periodic payments rather than a single lump sum. This arrangement can provide a steady income stream to beneficiaries or claimants over a specified period or for life. The terms of the installment plan are typically agreed upon at the time of settlement.

Table 1. Record
IdentifierMLC-T-INS-001847
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001847",
  "term": "Installment settlement",
  "field": "Insurance and risk management",
  "definition": "A method of paying insurance claim proceeds or life insurance death benefits in a series of periodic payments rather than a single lump sum. This arrangement can provide a steady income stream to beneficiaries or claimants over a specified period or for life. The terms of the installment plan are typically agreed upon at the time of settlement.",
  "url": "https://mlchart.com/terminology/insurance/installment-settlement/"
}

Record 1,755 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.