Question

Relative to​ insurance, when a payout arrangement is made in which one receives all benefits in a single​ payment, this is called a ___________.

Answer 1

The correct answer is "Lump-Sum payment"

Step-by-step explanation:

A lump-sum payment is one single payment, sometimes associated with pension plans. The retirees receive a less upfront lump-sum payment preferably than a larger sum paid out over time.