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Do I have to be paid in a pension, or can I opt for a lumpsum?

April 26, 2017lumpsum opt paid Pension

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Do I have to be paid in a pension, or can I opt for a lumpsum?

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A. You do have the option of lumpsum or pension when you are claiming trauma cover, with Income Protection is for the duration of your disablilty to work. Generally it is better to take a pension over lumpsum as you will then be able to ration out your benefit as long a possible.