installments-for-a-fixed-amount option
- A choice for the payout of insurance policy benefits where the insurance company retains the proceeds and disperses them in fixed monetary amounts until the benefits are completely paid out
- The beneficiary decided to take the installment-for-a-fixed-amount option for the life insurance policy.
- The insurance company suggested an installment-for-a-fixed-amount option to manage the policy payments until all proceeds are exhausted.
- If you select the installment-for-a-fixed-amount option, you will receive regular payments until there are no more policy proceeds.
Provide Feedback
