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11/20/08 at 03:05:36
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Lump sum payout? (Read 203 times)
OJ
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Lump sum payout?
07/28/08 at 12:52:13
 
I see a bunch of options in my new policy for my beneficiary to collect the money but I don't see an option for a lump sum payout. Do insurance companies generally allow a lump sum payout?
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Re: Lump sum payout?
Reply #1 - 07/28/08 at 13:27:57
 
Quote from OJ on 07/28/08 at 12:52:13:
I see a bunch of options in my new policy for my beneficiary to collect the money but I don't see an option for a lump sum payout. Do insurance companies generally allow a lump sum payout?

 
 
Sure, most legit companies will give you 2 options, either by annuitizing or lump sump
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