MLchartDataset catalogue

Settlement options

Term · Insurance and risk management · MLC-T-INS-003067

The choices available to a beneficiary or policyholder regarding how the proceeds of a life insurance policy or annuity will be paid out. These options typically include a lump sum payment, installments for a fixed period, installments of a fixed amount, or a life income option. The selection of an option can affect the total amount received and the timing of payments.

Table 1. Record
IdentifierMLC-T-INS-003067
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003067",
  "term": "Settlement options",
  "field": "Insurance and risk management",
  "definition": "The choices available to a beneficiary or policyholder regarding how the proceeds of a life insurance policy or annuity will be paid out. These options typically include a lump sum payment, installments for a fixed period, installments of a fixed amount, or a life income option. The selection of an option can affect the total amount received and the timing of payments.",
  "url": "https://mlchart.com/terminology/insurance/settlement-options/"
}

Record 3,153 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.