Which settlement option pays only the earnings from the death benefit to the beneficiary?

The cash option provides the beneficiary with the entire death benefit in a lump sum payment. This choice allows immediate access to the full amount, including both the principal and any interest accrued, thus not limiting the payout to only the earnings.

The fixed amount option allows the beneficiary to receive a predetermined amount at regular intervals until the death benefit is exhausted. This payout method includes both principal and interest, meaning it does not restrict the beneficiary to only the earnings from the death benefit.

The fixed period option pays out the death benefit over a specified period, distributing both principal and interest to the beneficiary. Since this option involves payments that include the death benefit amount itself, it does not qualify as a method that only pays the earnings.