Concerning the settlement options in a whole life insurance policy, is the policyowner required to select...

Concerning the settlement options in a whole life insurance policy, is the policyowner required to select a settlement option when applying for insurance?

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In the settlement options in a whole life insurance policy , policy owner may also select between the various settlemet option at the time of applying for the insurance , policy owner selce between the different payout or he can also allow the beneficiary to select between the various settlemet options like periodic payment or lump sum payment.

Rahul Sunny answered 1 year ago

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