Providing for honest things, not only in the sight of the Lord, but also in the sight of men.

Common Settlement Options

We have given below a brief, general description of some common life insurance and annuity settlement options.. Note that policy provisions may vary from company to company, from state to state, and from policy form to policy form, even between forms of the same company. Always consult your policy for the exact terms that apply to your situation.

Period Certain 

This option provides for fixed monthly income payments to be made for a period not to exceed a company designated amount of years.

Amount Certain 

This option provides for fixed monthly income payments to be made for an agreed upon amount until proceeds and interest are used up.

Life Income With Guaranteed Period

This option provides for fixed monthly income payments to be made throughout the life of the annuitant and continues to the beneficiary for the balance of the guaranteed period.

Life Income With Guaranteed Return of the Amount

This option provides for monthly income payments to be made throughout the life of the annuitant and continues to the beneficiary until total payments equal amount paid for the annuity.

Based on Two Lives 

This option provides for fixed monthly income payments to be made throughout the lifetime of two persons. The survivor receives the same monthly payment, 2/3 of the monthly payment or ½ of the monthly payment, depending on which plan is chosen.