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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.


Read Also:

  • Settlement-worker

    noun 1. a person who works with underprivileged people in a settlement house.

  • Settler

    noun 1. a person or thing that settles. 2. a person who settles in a new country or area. noun 1. a person who settles in a new country or a colony

  • Settle with

    verb (preposition) 1. (intransitive) to pay a debt or bill to 2. (intransitive) to make an agreement with 3. to get one’s revenge for (a wrong or injury) with (a person)

  • Settling

    noun 1. the act of a person or thing that settles. 2. Usually, settlings. sediment. verb (used with object), settled, settling. 1. to appoint, fix, or resolve definitely and conclusively; agree upon (as time, price, or conditions). 2. to place in a desired state or in order: to settle one’s affairs. 3. to pay, as […]

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