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settlement agreement The arrangement made between an insurer and a policyowner (or beneficiary) concerning the manner in which the insurer will pay the policy proceeds to the beneficiary. See also settlement options. Obtain a free quote and experience health care that provides you access to affordable medical services. Burdened by credit card debt? Reduce all of your unsecured debts by 60% with our Debt Consolidation solution.   Health Insurance | Free Quote | Insurance FAQ | Glossary | Contact Us Copyright © 2001 - Apex Home Mortgage Refinancing Company