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"_________ Options allow for the distribution of the life insurance death benefit, to the named beneficiary or contract owner, as the situation warrants."

User Dale Emery
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Answer:

Settlement

Step-by-step explanation:

Under the settlement options for life insurance, payment of the maturity amount entitled to the policy holder in paid in installments rather than a lump-sum. This payment is always done over an agreed period of time.

User Morgano
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