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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A Payout is a death benefit provided to beneficiaries or dependents of a term plan when the policyholder dies. At the time of signing up for the policy, the policyholder has to decide how the death benefits will be paid out.www.policybazaar.com/term-insurance/articles/pay…A payout is death benefit given to dependants or beneficiaries of a term insurance policy when the insured dies. While signing up for the policy, the insured gets to decide how the death benefit will be paid out.www.livemint.com/money/personal-finance/how-to …
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