A settlement option under which the proceeds are guaranteed to be paid in equal installments for a specified period of time.
A settlement option under which the proceeds are guaranteed to be paid in equal installments for a specified period of time.
A form of Life Insurance that is usually a combination of Whole Life and twice as much Term Insurance. The Term portion applies until a stated date. Such a policy might be used to provide maximum protection to an individual at an earlier age when the need for insurance is greater but the ability to pay is less.