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How Do The Benefits Get Paid?

Once the death of an insured person has been confirmed, OSGLI will proceed by paying the insured amount to the beneficiary. If a beneficiary was not assigned, the proceeds will be paid in the order of precedence as provided by law. OSGLI will pay the proceeds to the beneficiary either in one lump sum or in 36 equal monthly payments, according to the option you specified. If the proceeds are to be paid in a lump sum payment, the beneficiary will be given the option of receiving the lump sum payment through the Prudential Alliance Account, check, or Electronic Funds Transfer (EFT).

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