There are several ways your beneficiary may receive the death benefit paid out from your life insurance policy when you die.
Some of the most common ways to receive the death benefits include the following:
- Lump sum.
- Annuity payment.
- Checks to be written from an account with the benefits.
Your beneficiary may choose one of the above options when taking the proceeds from your life insurance policy death benefits upon your passing.
Learn more about how life insurance death benefits are paid out.
No comments:
Post a Comment