Sentences with phrase «owner dies during the term»

After completing 5 years of the policy if the policy owner dies during the term of this policy, the company is liable to pay all the sum assured and additional loyalty to the nominee.

Not exact matches

With term life insurance, benefits are paid if the policy owner dies during the period covered by the policy.

It is important to keep in mind that if the policy owner dies at any time during the term period, simply buying just the traditional term coverage and investing the difference will always provide the greatest return on capital, because in this case the policy owner's estate would not only receive the death benefit but can distribute the invested cash as well.

As long as a policy owner is current on premium payments during an active term, death benefits are guaranteed to be paid to the plan beneficiaries if the policy holder dies.