Sentences with phrase «money after the death of the policy holder»
Not exact matches
Life insurance pays money to beneficiaries after the death of a policy holder.
https://www.lifeinsurance.org/
Life insurance pays money to beneficiaries after the death of a policy holder.
[x] An insurance where there is an agreement between the insurer and the insured, where the insurer (insurance company) agrees to pay a certain amount of money in the event of death of the policyholder or to the policy holder after a certain period of time.
Since the term of the policy is not defined the policy holder enjoys coverage his entire life by paying premium for the same till their death, after which the money is paid of to the family members.
Insurance21 Replied: 30-03-2018 12:25:36 If the policy has been taken with premium waiver rider and proposer's death happens during premium paying term (for example 1 or 2 year after taking policy), then further premium will be waived off and all benefits will be paid to child (policy holder) at the time of money back and maturity.