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so what were going to talk about are life insurance settlement options so what this is is when the insured dies in the beneficiary receives the payout for the death benefit there are a few different ways that this person can receive that money thats called a settlement option so its either when the insurer dies or the endowment is docHubed typically when the insured docHubes age 100 some policies go to 120. but a lot of its age most of 99 of them are going to be the age 100. now once a settlement option is selected the beneficiary cant change it but Ive none are selected the beneficiary can choose one okay so say the person whos insured if they say well I want this settlement option the beneficiary cant change that once the insured dies okay so first one here cash payment thats the most simple one right death benefit say theres a million dollar death benefit and then the insurer dies then the beneficiary gets a lump sum check its not taxable okay very simple straight straight