Consumers can choose for their life insurance beneficiaries to receive installment payments rather than a lump-sum death benefit, industry experts say. More carriers are offering the option of monthly or yearly payments, which gives the insured more control over payouts as well as greater confidence about meeting the beneficiary's needs, says Ben Roth of Minnesota Life. Installment-payout policies can offer lower premiums, Roth says. Because such payouts are made with interest accumulating on the remaining death benefit, they also can offer protection against inflation, says Robert Bloink of the Thomas Jefferson School of Law.

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