GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Commutation Right

The right of a beneficiary to receive in a single lump-sum the remaining payments under an installment option selected for the settlement of the proceeds of a life insurance policy.

Do you need an answer immediately?

Check out our FAQ page!

Approved for 1 Hour of State Reported CE Credit in AR, AZ, CO, DE, FL, GA, IL, IN, KS, MA, NC, NE, NJ, OK, SC, TN, TX, and UT.