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2. 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 ...

3. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.

4. How to cancel a life insurance policy

   www.aol.com/finance/cancel-life-insurance-policy...

   The buyer offers a lump sum payment that is less than the policy’s death benefit but typically more than the cash surrender value. This option can provide immediate financial relief for medical ...

5. 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]

6. Annuities vs. life insurance: What’s the difference? - AOL

   www.aol.com/finance/annuities-vs-life-insurance...

   A medical exam is usually required as a condition of opening a permanent life insurance policy. ... Annuities may be purchased in a lump sum or over time, while life insurance is paid over time in ...

7. 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.