Sentences with phrase «policyholder dies as a result»

These riders pay out double or triple the policy's face value amount if the policyholder dies as a result of an accident.

Not exact matches

For example, some policies state that if the policyholder does not die as a result of the accident and instead loses a limb, he / she will only receive a 50 % benefit payout, while losing two or more limbs would result in a full benefit payment.

If the policyholder does not die as a result of the accident and instead loses a limb, he / she will receive a 50 % benefit payout.

If a policyholder dies as a direct result of an accident, a full death benefit will be paid out to the policy's beneficiary.