The settlement option that allows proceeds to remain with the insurer and the earnings to be paid to the beneficiary on a monthly basis is called

A lump sum settlement involves the full payment of the death benefit to the beneficiary at once. This option provides immediate access to the entire amount, but it does not allow for the proceeds to remain with the insurer—contrasting sharply with the interest-only option that retains the principal.

The fixed period option pays the beneficiary a predetermined amount over a specified duration. While this provides a steady income, it does not involve interest payments from retained proceeds, as the principal is paid out within the set timeframe, making it fundamentally different from the interest-only option.

The fixed amount option allows the beneficiary to receive a specified payment amount until the proceeds are exhausted. Similar to the fixed period option, this does not preserve the principal with the insurer; rather, it disburses the death benefit in installments, lacking the component of interest payments from retained funds.