Plan to meet recurring expenses of your loved ones by opting for payment of benefit in annual installments. (bajajallianzlife.com)
The insured may make a nomination at any time during the policy term with the purpose of payments of benefits in the event of his death. (policybazaar.com)
What are the limits and exclusions on payment of benefits - that is, spell out exactly what's covered and what's not. (consumer.ftc.gov)