Settlement Option

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August 25, 2024 4 min read Definitions
Commutation Right: Beneficiary Privilege in Annuity or Life Insurance Policies
Finance Insurance Annuity Life Insurance Lump Sum Settlement Option Beneficiary Rights
The Commutation Right is the privilege of a beneficiary to take unpaid income payments under a settlement option of an annuity or life insurance policy in the form of a lump sum.
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