Not exact matches
Once the initial two - year period has ended, the
full amount of the
stated death benefit will be
received if the insured should die.
The mortgage protection insurance your family
receives as a «
death benefit» will not be taxed; they will
receive the
full amount
stated in the insurance policy, tax - free.
If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to
receive the
full amount of the
death benefit that is
stated in the policy.