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  2. How to track unclaimed life insurance - AOL

    www.aol.com/finance/track-unclaimed-life...

    Using the NAIC Life Policy Locator, you can submit a request with the legal name, date of birth, Social Security number and date of death for the deceased person to find a life insurance policy or ...

  3. Life insurance - Wikipedia

    en.wikipedia.org/wiki/Life_insurance

    The endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen, or twenty years up to a certain age limit. Some policies also pay out in the case of critical illness.

  4. Life Insurance: How to Choose The Best Option for You ... - AOL

    www.aol.com/life-insurance-choose-best-option...

    Lump sum: The entire death benefit can be paid directly to the beneficiaries' accounts in a single lump sum. Annuity: The death benefit can be put in an annuity with a lifetime payout or on a ...

  5. Endowment policy - Wikipedia

    en.wikipedia.org/wiki/Endowment_policy

    An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. [1] [2] These are long-term policies, often designed to repay a mortgage loan, with typical maturities between ten and thirty years within certain age limits.

  6. Life settlement - Wikipedia

    en.wikipedia.org/wiki/Life_settlement

    A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3] Such a sale provides the policy owner with a lump sum. [4]

  7. Lump sum payout vs. annuity from a pension: How to decide - AOL

    www.aol.com/finance/lump-sum-payout-vs-annuity...

    Another option is taking a lump sum and using it to purchase a private annuity from a life insurance company. However, this option — sometimes called a pension annuity — doesn’t make sense ...

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