A "legal heir" refers to a person who has the right to inherit the belongings or property of someone who has passed away, according to the law. Full definition
The other legal heirs of the policy holder can also recover money from the nominee. (relakhs.com)
The beneficial or «collector» nominee functions as a trustee who is accountable to all other legal heirs for the benefits they are entitled to under the life insurance policy. (policybazaar.com)
Offers protection against the repayment of loan liability by the nominee or legal heir in case of death of the policy holder. (coverfox.com)