settlement option

noun Insurance.
any of the options, other than immediate payment in a lump sum, by which the policyholder or beneficiary may choose to have the benefits of a policy paid.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To settlement option
Explore Dictionary.com
Previous Definition: settlement houses
Next Definition: settlement worker
Words Near: settlement option
More from Thesaurus.com
Synonyms and Antonyms for settlement option
More from Reference.com
Search for articles containing settlement option
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
However, censure made sense only as a plea bargain settlement option to avoid the full impeachment trial process.
If you use the viatical settlement option, you do not have to satisfy the health requirements for long-term care insurance.
If you do not specify a payment method at the time you enroll, your beneficiary may choose a settlement option.
On the other hand, it must preserve the consent decree as a viable settlement option.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;