Help me interpret with this insurance clause from

Hello guys need your help to interpret this benefit from my insurance. I've been asking my agent about this but di pa rin ako sinasagot (baka nagbabakasyon gamit commissionl). Contingent Education Payout (5-year Var, Opt 1) Benefit amount PHP 150,000.00 Benefit status Active Effective date November 27, 2019 Expiry date November 27, 2037

Does this mean yearly payment or juat one time payment?

I got 10 year policy for this.

Thank you.