interest option
The interest option is an option that a life insurance beneficiary may select as a settlement by which policy death proceeds are left on deposit with the insurer to accrue interest; the interest is paid out to the beneficiary on some regular basis, such as annually.
interest option
The interest option is an option that a life insurance beneficiary may select as a settlement by which policy death proceeds are left on deposit with the insurer to accrue interest; the interest is paid out to the beneficiary on some regular basis, such as annually.
Additional Information
Subject to restrictions established by the insured, the beneficiary may withdraw all or part of the principal.
