Sentences with phrase «after the death of the insured individual»
[x] The amount received by the beneficiary, from an annuity or insurance policy, after the death of the insured individual.
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The policy's death benefit is only paid after the passing of both insured individuals.
After an insured individual or annuitant dies, the process of receiving a death benefit from a life insurance policy, pension or annuity is relatively straightforward.
[x] It is a form of life insurance policy which pays for the final expenses of the insured individual after his or her death.