She says that lower payouts during a policyholder's lifetime would mean a higher death payout. (moneysense.ca)
Some can also set it up so that their beneficiaries will receive the death payout as well as the cash value of the policy. (truebluelifeinsurance.com)
Apart from this, if the insured owns a joint term insurance policy, then only one death payout is offered under the policy, even in the case of accidental death of both the insured persons, only one death benefit is payable to the beneficiary of the policy. (policybazaar.com)