Sentences with phrase «provider pays the death benefit to your beneficiary»

Not exact matches

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

Where the superannuation provider cashes a deceased member's superannuation interest to a dependant beneficiary as a death benefit income stream, the compulsory cashing requirement is met as long as the superannuation income stream continues to be paid.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.

The death benefits associated with the policy are paid to the listed beneficiary -LRB-'s) and there are no guarantees that its benefit will be sufficient when needed to pay for any particular goods or services nor that those goods or services will be provided by any particular provider.

The clause legally binds the insurance provider to pay cash to the beneficiaries in addition to other benefits provided that the cause of death is due to an accident.

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.