Income Benefit

When you buy life insurance to protect your family, do you prefer that the benefit be paid to your family in a lump sum or in monthly installments?


I think that most people will answer is "both". It is useful to have a lump sum of say $50,000 and a monthly income benefit of $2,000 for 20 years. It may be useful if both of these sums are adjusted by say 2% each year, so that can offset inflation.