Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Life Income Option with Refund

A life insurance settlement option that guarantees a total amount due to the beneficiary. If the beneficiary dies prior to the total pay out amount, the remaining amount will be given to a contingent payee.

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Life Income Option with Period Certain

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Life Income with Period Certain Annuity

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