How Are Life Insurance Benefits Paid?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance benefits are normally paid in a lump sum, in regular payments over a number of years, or both (a lump sum with the remainder made in payments over time). When the policy proceeds are not taken all at once, there is interest paid to the beneficiary on the money they have not yet received.
    Answered on October 8, 2013
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