Choosing a Life Insurance Payout Option – Life Insurance Cleveland, OH

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Health Insurance Garfield Heights, OH  Health Insurance Cleveland, OH

  • Lump Sum Payout - This life insurance payout is a payout of the full amount of your policy and is the most common payout option.

  • Retained Asset Account - You may have the option of keeping your payout in an interest-bearing account with your life insurance company.

  • Life Income Payout - This option allows you to covert your life insurance payout into an annuity, which guarantees payments for the rest of your life.

As a licensed life insurance agent in Garfield Heights, Cleveland, and surrounding communities, I have the tools and resources to get you covered without the hassle.

  • Learn more about life insurance payouts.

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"Which Life Insurance Payout Option Should You Choose?" forbes.com Nov. 12, 2020.
https://www.forbes.com/advisor/life-insurance/payout-options/

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