Sentences with phrase «die during the term of the contract»

If you die during the terms of the contract, your named beneficiary will receive a million dollar lump sum payment from the insurer.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

If you die during the terms of the contract, your named beneficiary will receive a million dollar lump sum payment from the insurer.

Not exact matches

First of all, if a person contracts a terminal illness during their life insurance term, but does not die before their life insurance term expires, they will be left with a terminal illness and no insurance.

The main reason — it offers bargain - price protection that pays a large benefit to your survivors if you die during the typical 20 - to 30 - year term of the contract.

If the insured dies during the term period, the death benefit will be paid to the beneficiary according to the terms of the contract.

Term life is straightforward: if you purchase $ 250,000 worth your beneficiary will receive $ 250,000 if you die during the life of the contract.