There are two
kinds of death options available, our company shall pay you as per the option chosen by you at the inception of the policy.
Not exact matches
For example, a refund
of premium (money back
option) in the event that you outlive your term policy, and additional
death benefit payouts for
death due to certain
kinds of accidents.
Whichever type
of death benefit
option you choose it will affect the cost
of your premiums, so it is a good idea to get quotes for both
kinds.
Navy Mutual Flagship Whole Life offers two
kinds of accelerated
death benefit: a Chronic Illness
Option and a Terminal Illness
Option.
It is a unique
kind of plan as it provides coverage up to 80 years, offers a choice
of three coverage
options and a choice
of two
death benefit payment modes.