They offer specific death benefits for certain family members, such as a person's spouse and their children. (personalinjuryottawa.ca)
In case of death of the insured member, apart from the scheme specific death benefit, fixed life insurance cover amount of Rs 1000 per member, shall also be payable. (avivaindia.com)
But unlike term policies which simply guarantee a specific death benefit value, whole life policies have an investment component and retain their cash value. (thesimpledollar.com)