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

Individual Life: Upon the death of the insured during policy, the sum assured will be paid (if all premiums are fully paid).

The only time there is a payout made is upon the death of the insured during the term (duration) of the policy.

o Individual Life: Upon the death of the insured during policy, the sum assured will be paid (if all premiums are fully paid).

Not exact matches

All policy types have a stated death benefit that is paid upon the death of the insured person and permanent life insurance also has a cash value which can be used during the person's lifetime.

A life insurance policy is a contract between the owner of the policy and the insurance company which promises to pay a stated death benefit upon the death of the insured person, as long as the death occurs during the period of time covered by the policy.