Sentences with phrase «funds upon the death of the insured»

Life insurance provides the foundation of coverage which can guarantee a source of funds upon the death of the insured.

Not exact matches

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

$ 500,000 Term Life Insurance Term life insurance is a financial security product that pays out funds in a lump sum upon death of the insured.

Then, upon the death of the insured, the funds from a burial insurance policy will be paid out, free of income taxes, to your named beneficiary (or beneficiaries).

It offers a death benefit upon the death of the second insured and cash accumulation, which can provide a source of funds if needed.