Lump Sum Distribution


Definition of "Lump sum distribution"

Death benefit option in which a beneficiary of a life insurance policy receives the death benefit as a single sum payment instead of installments.

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Rollover Individual Retirement Account

Individual retirement account (IRA) established to receive distribution of assets from a qualified pension or retirement plan. For example, if employe ...

Commutation

In life insurance, the exchange of a series of installment payments, as the result of an installment settlement, for a lump sum distribution. ...

Commuted Value

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Commutation Right

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