- 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 convert your life insurance payout into an annuity, which guarantees payments for the rest of your life.
Learn more about life insurance options in Wooster. As a licensed agent, I can help you with all the important details.