In many of these cases, a term life insurance policy is often the most inexpensive choice and the full face value of the policy pays out on the policy holder's death. (moneysense.ca)
The company often pays you the full face value of the policy if you live to the end of the specified mortality table, which, as its name suggests, tabulates your life expectancy based upon your age and health. (freemoneyfinance.com)
Death in year three or later will trigger the policy to pay the full face value of the policy. (bestchoicelifeinsurance.com)