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settlement option
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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.
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Words nearby settlement option
settle down, settle for, settle in, settlement, settlement houses, settlement option, settlement worker, settle on, settler, settler's clock, settle someone's hash
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use settlement option in a sentence
As we are funded by donations, we provide companies a free and easy settlement option — contrary to law firms.