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

There is no cash value in this kind of set - up and the death benefits are given upon the death of the insured.

Not exact matches

At the same time, it gives coverage for the insured party's family, which means that beneficiaries will receive proceeds from the insurance claim upon death of the policy holder.

Charitable Giving Benefit Rider: Selected at issue and available at no additional cost, this rider provides an additional benefit of 1 % of the base policy specified amount (up to $ 100,000) to the qualified charity of the policyowner's choice upon the insured's death.