Is Life Insurance Paid Out In A Lump Sum?
.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Life Insurance can be paid out in a lump sum, or it can be paid out in payments, or a combination of the two. If the life insurance proceeds are paid to the beneficiary over time, the insurance company pays interest on the portion that they have in their possession.Answered on October 1, 2013flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNActually, on most all life insurance policies, benefits can be paid at the request of the beneficiary in a lump sum or over a payment plan agreed upon by the primary beneficiary. Even though the insurance company will pay a fair interest rate on the money held back for future payments, it usually is better to take the lump sum option and work with your advisor on a more suited distribution plan.Answered on September 17, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
