Sentences with phrase «benefits after the death of a parent»
Not exact matches
Most child plans have an inbuilt premium waiver feature or self - funding of premium which allows the policy to continue even after the death of the applicant / policyholder (parent), where the insurance company waives future premiums, allowing the child to receive complete maturity benefit.
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Survivorship life insurance also benefits children with special needs, providing definite funding for a trust to provide for a child with special needs after the death of the second parent.