Which settlement option allows only the death benefit's earnings to be paid to the beneficiary

Under the fixed period option, the beneficiary receives the death benefit in installments over a specified period, regardless of any additional earnings or interest generated. This structured approach guarantees a predetermined payout schedule rather than focusing solely on the earnings from the death benefit.

With the fixed amount option, the beneficiary receives a predetermined sum from the death benefit, independent of any earnings or interest accrued. This method ensures a specific payout amount directly from the policy's proceeds, distinct from the interest-based disbursement offered by the interest option.

Opting for the cash option allows the beneficiary to receive the entire death benefit as a lump sum payment, without any consideration for earnings or interest. This immediate payout grants the beneficiary full access to the policy's principal amount, offering flexibility in utilizing the funds for various financial needs.