What are some ways life insurance money is paid out if/when someone dies?

Question

What are some ways life insurance money is paid out if/when someone dies?

Answer 1

Most life insurance policies provide several options in addition to the beneficiary receiving a single lump sum check, or a checkbook instead of a check. Most provide the beneficiary of a life insurance policy with the right to receive a monthly payment for the rest of your life, or a payment to you and another person for life. Insurance companies offer customers numerous such alternatives because some insureds and beneficiaries prefer monthly payments so that they do not have to manage a large lump sum settlement.

Answer 2

I have no idea what you're asking.  Usually it's either lump sum, or monthly installment if there's a spendthrift rider.

Answer 3

A check is made out to the beneficiary(ies) once verification process has been completed- usually sending death certificate to the company.