Sentences with phrase «premature death of the insured»

Life insurance provides a very important function against the financial loss due to an unexpected premature death of an insured, whether it be a family member, business partner or key individual.

And it will safeguard the family in case of a premature death of the insured.

Not exact matches

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

Term insurance is designed to provide temporary protection for risk of premature death and pays a benefit if the insured dies within the established term period.

Life insurance is intended to protect the family against possible financial loss on premature death of the life insured.