Pension is being terminated (sold to an insurance Co.) Should I cash out, rollover into IRA or start collecting?

Pension is being terminated (sold to an insurance Co.) Should I cash out, rollover into IRA or start collecting? My single life lump sum will be distributed on 10/1/24 or I can delay it until 1/1/26 and choose to receive certain and continuous benefits for 5/10/15 or 20 years or collect. What makes more sense? Lump sum with tax consequences or wait for steady monthly?
submitted by /u/Healthy_Slip9202

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