Assertion: commutation | /r/HasProperty | offer
Facets:
value: by the insurance company
type: OTHER
Source sentences:
text: A commutation is an offer by the insurance company to “buy out” some or all of these benefits for a lump sum payment to the claimant.
text: Commutation is offered to beneficiaries of annuities and life insurance policies so that they might receive a lump-sum payment instead of a series of future payments.