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 provides the beneficiary with the entire benefit amount at once, rather than on a monthly basis. This option does not involve the insurer retaining the proceeds, making it fundamentally different from the "interest only" option, which separates the principal from the payout.

The fixed period option allows the proceeds to be paid out over a specified period, but it does not keep the principal with the insurer. Instead, it provides the beneficiary with regular payments for a set duration, after which no further payments are made. This differs from "interest only," where the principal remains intact.

With the fixed amount option, the beneficiary receives regular payments of a specified amount until the proceeds are exhausted. Like the fixed period option, this does not retain the principal with the insurer, which is central to the "interest only" arrangement where the principal remains with the insurer.