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

The amount stated in a life insurance policy that is payable upon the death of the insured person listed on the policy.

The benefit is payable upon the death of the insured beginning the day it goes in force, so literally if your policy went in force today and you died tonight of a heart attack, the full benefit would be payable as soon as the company reviews their underwriting.

Not exact matches

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

The definition of life insurance death benefit is the amount of money payable to the beneficiary or beneficiaries listed on a life insurance policy upon the death of the insured, minus any policy loans.

The proceeds or benefit that is payable to the beneficiary of a life insurance contract upon the death of the insured.

Upon the death of the insured, the death benefits payable are reduced by the total accelerated death benefit lien.

Death Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's dDeath Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's deathdeath.

LTCSO allows the owner of the AAFMAA policy the option of converting the death benefit on an eligible insured life — normally payable only upon the death of the insured — into regular periodic payments prior to death, specifically to defray the cost of nursing home, custodial or home health care for the insured.

Upon death of the insured the death benefit is payable which can be taken in monthly instalments or in one lump sum

And the insured amount is payable by the Insurer at the end of a specified number of years or upon the death of the Insured, whichever is einsured amount is payable by the Insurer at the end of a specified number of years or upon the death of the Insured, whichever is eInsured, whichever is earlier.

Upon the death of the insured, the death benefits payable will be reduced by the total accelerated death benefit lien.

Death Benefit: In the unfortunate event of death of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chDeath Benefit: In the unfortunate event of death of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chdeath of the life insured, while the policy is still active, the Death Benefit is payable depending upon the plan option chDeath Benefit is payable depending upon the plan option chosen.

The amount stated in a policy contract as payable upon the death of the person whose life is being insured.

The initial amount of life insurance that will be payable to the named beneficiary upon the death of the insured.