Settlement options

Methods of payments of life insurance policy proceeds to the beneficiary by an insurance company such as a lump sum or periodic payments.
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US: The several ways, other than immediate payment in cash, which a policyholder or beneficiary may choose to have policy benefits paid.

Severity

Word used to describe the level of seriousness of a patient’s medical condition.
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The amount of damage that is (or that may be) inflicted by a loss or catastrophe. Sometimes quantified as a severity rate, which is a ratio relating the amount of loss to values exposed to loss during a specified period.

severity of illness (SOI)

1. Degree of disease or loss of function and mortality that a patient is experiencing before treatment. Severity of illness is used in the interpretation of performance data of facilities. 2. Variation in patients classified to the same diagnosis related group that includes age, systems involved in illness, stage of disease, complications, and response to treatment.