Additionally, if you feel your family can easily manage lump sum amount, you should go for lump sum option. (personalfinanceplan.in)
If your company doesn't offer the partial lump sum option and has no plans to do so soon, you might consider duplicating that arrangement on your own. (realdealretirement.com)
Protective has the front end lump sum option, but not the balloon payment at the end, and the other difference is Protective allows the initial lump sum to be zero. (insuranceblogbychris.com)