Hospital bed set up and ready for the medical care of a patient that includes space, equipment, medical material, and ancillary and support services but no available staff to operate.

Arrangement between an insurance company and an insured about the method of payment of the insurance proceeds to the beneficiary.

Method in which a policyholder or beneficiary may choose to have an insurance policy’s proceeds paid.
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An option in an insurance policy as to the form in which a claim may be settled. Thus, in property insurance, the insurer may commonly choose whether to pay, replace or make good.

Periodic payments of life insurance policy proceeds to the insured by an insurance company instead of a lump-sum payment.

Table showing amounts the insurance company will pay as periodic payments in settling a life insurance policy.

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.