A lump sum settlement option is usually the best choice,even if a beneficiary is not very good at managing sums of money.

Question

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A lump sum settlement option can be overwhelming for someone who is not good at managing money. In such cases, a structured settlement option may be a better choice as it distributes the payments over a period of time, providing a steady income stream and reducing the risk of the beneficiary making poor financial decisions.

A Lump Sum Settlement Option Is Usually the Best Choice,even