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27-08-2019
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Relative to insurance, when a payout arrangement is made in which one receives all benefits in a single payment, this is called a ___________.

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28-08-2019

Answer:

The correct answer is "Lump-Sum payment"

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.

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