What Does Fixed-Period Settlement Option Mean?

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What does Fixed-Period Settlement Option mean? Read on to discover the definition & meaning of the term Fixed-Period Settlement Option - to help you better understand the language used in insurance policies.

Fixed-Period Settlement Option

Fixed-Period Settlement Option

A life insurance settlement option in which the number of payments is fixed by the payee, with the amount of each payment determined by the amount of proceeds.

We hope the you have a better understanding of the meaning of Fixed-Period Settlement Option.

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