Sentences with phrase «if upon the death of both policyholders»

Not exact matches

The nominee receives sum assured plus bonus (if any) upon death of the policyholder.

The benefits are paid out, to the policyholders or nominees, in the form of sum assured and vested bonuses, if any, upon death of maturity.

If the policyholder elects not to have the benefit paid out immediately upon his death but instead held by the insurance company for a given period of time, the beneficiary may have to pay taxes on the interest generated during that period.

But if you have a spouse or other dependents, or know that you will need coverage upon your death to pay estate taxes, then additional coverage may be necessary if the term policy does not meet the needs of the policyholder.

A term life insurance policy provides death benefits upon the passing of the insured, if that policyholder dies within a specified term.

For instance, if the surviving policyholder were a stay - at - home spouse without an independent source of assets, that person would need funds to maintain living and business expenses upon the death of the main breadwinner.