Sentences with phrase «deceased insured»

They bear a legal burden to track down deceased insureds in order to pay the rightful claim to heirs.
In the event that the deceased insured had a policy with us, we will begin the claim process and contact the beneficiary listed on our policy records.
- A resident of the Province who is entitled to bring an action for injury or death under section 20 or 24 of the Act, and includes the personal representative of a deceased insured.
Furthermore, in most cases the life insurance death benefit proceeds can become subject to the deceased insured's creditors.
In the event that the deceased insured had a policy with us, we will begin the claim process and contact the beneficiary listed on our policy records.
A deceased insured may have to undergo an autopsy to determine the real cause of death, which could cause delays in receiving payment made to the beneficiary from the insurance company.
Bodily remains or ashes are generally transported to the airport or moved by ground transportation to the terminal nearest the deceased insured's primary residence in his / her home country.
In such event, the maximum benefit amount will be up to US$ 5,000 towards the actual cost incurred for preparation of remains; homeward transportation of the deceased insured person to his country of residence; or cremation and / or burial at the place of death of the insured person.
Death Benefit: insurance or pension money payable to a beneficiary of a deceased insured on a tax - exempt basis
This combo offers fiscal support for the deceased insured's family any time before the policy gets matured and a good amount in a lump sum during the maturity for the surviving insured.
A comprehensive travel insurance policy with emergency evacuation coverage usually includes repatriation of remains to cover the transport of a deceased insured's -LSB-...]
When taking life insurance, it is good to appoint one nominee as the rightful person to receive the claim benefits on behalf of the deceased insured's surviving dependents.
I have a live example where son of a deceased insured person started a cycle repairing shop with the help of Insurance money of Rs. 50000 / -.
Second, if the deceased insured owned the policy on the date of death, the whole amount of the death benefit is included in the estate and subject to estate tax.
Most travel insurance plans include coverage for repatriation of remains, which is transportion of the remains of the deceased insured person back to their home country.
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