Sentences with phrase «as the beneficiary of a life insurance policy means»
Of course, designating a charity as the beneficiary of a life insurance policy means it will take time before the organization receives any money.
https://blog.massmutual.com/ Not exact matches
A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).
A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).
A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).
This means you must pass away as a result of an accident covered by the life insurance policy in order for your family (beneficiary) to receive the death benefit.
This means that — as long at the premiums are paid that the policy is in force — the full amount of the life insurance benefit will be available to the policy's named beneficiary (or beneficiaries) should the insured pass away.
Understanding the meaning of the insurable interest beneficiary means that as the policy holder, you can make the best choice possible for who should receive the funds as accrued by your life insurance.
Exclusions for a life insurance policy state what causes of death will not be covered by your life insurance, meaning there will be no death benefit paid out to your beneficiary if you die as a result of a cause of death which is excluded in your policy.