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settlement option

American

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.

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Overall, Surfshark is an excellent option, even for the non technically-inclined among us.

From Salon • Feb. 11, 2026

Some varieties also contain protein, making them an excellent option for vegetarians.

From BBC • Jul. 20, 2025

The schedule-making team could hand over an excellent option today.

From Los Angeles Times • Apr. 26, 2025

Midsize SUVs with two rows of seating are an excellent option if you want something a little bigger than the ubiquitous small SUV.

From Seattle Times • Mar. 27, 2024

Cooperatives can be an excellent option for co-owning property, but you will want to explore which flavor of co-op makes the most sense.

From Slate • Feb. 6, 2023

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023