That’s the question the New York Lottery asks on its Cash4LIFE game ... of $52,000 per year or a one-time lump sum payment at the election of the winner,” the New York Lottery rules state.

The CASH4LIFE top prize guarantees a minimum payout of $7 million. Lanfranko opted to receive the cash value of the minimum payout, and took home a one-time lump sum payment of $4,285,680 ...

Steady payments: Most people choose a monthly payout, also known as a "life annuity." Having that steady income can make for less stress than taking a big lump sum, especially if you aren't an ...

Many cash-balance plans offer a lump-sum payment only, so you may not have a choice. If you do have a choice, there's no one easy answer. Monthly payments: If you opt for a monthly payout - known ...