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

The fixed period option involves paying the beneficiary a specified amount for a predetermined period, after which the payments cease. This does not allow the proceeds to remain with the insurer, as it requires the insurer to disburse the principal amount along with interest over the chosen period.

In a fixed amount settlement, the insurer pays the beneficiary a consistent sum until the total proceeds are exhausted. Similar to the fixed period option, this method requires the insurer to pay out the principal along with interest, thus not keeping the proceeds with the insurer.

The lump sum option involves providing the entire proceeds to the beneficiary in one payment. This approach completely transfers the total amount, including the principal and any interest, to the beneficiary, thereby eliminating any earnings that remain with the insurer.