Sentences with phrase «get upon the death of the insured»
By choosing this rider, the assigned nominee / family of the life insured is provided with the monthly income apart from the lump sum payout they get upon the death of the insured.
https://www.comparepolicy.com/ Not exact matches
Upon the death of the insured person the Life Insurance beneficiary gets the death benefit equal to the face value of the policy, which is free of income tax.
Therefore, upon death due to accidental bodily injury, the insured's family gets twice the amount of the policy.