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Does an insurance policy pay natural death benefits if the death was a natural death?
Wiki User
∙ 13y ago
All insurance policies have a section within them which defines important terms, and those definitions, for the most part, will control. Therefore, look to see whether the policy defines "natural causes". If there is no express definition in the policy, a court will generally look to the common meaning of the term (or, if the term has been defined in prior cases, it will likely adhere to that precedent).
All of that said, if by "natural death" you mean old age, and barring other circumstances that you have not mentioned, the company will likely pay benefits. This of course also assumes that the policy was in force at the time of death.
Wiki User
∙ 13y ago
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Which of these is an element of universal life insurance?
This life insurance policy has two different types of death benefits.
Does homeowners insurance cover a death of a stranger in your house?
No, Hopefully the stranger had a life insurance policy. Homeowners insurance does not provide life insurance or accidental death benefits.
Who are benefits of a life insurance policy paid to if the insured survives the term?
In a term policy if you outlive the term of your policy, no benefits are paid. For example, if you buy a 20 year term life insurance policy, and you are alive at the end of the policy, no death benefit is paid out. -ex
What type of benefits are there to a universal life insurance policy?
The benefits from a universal life insurance policy is that is offers flexible premium payments and death benefits. It also gives you different cash value options that can be invested in many ways.
Who receives the benefits or money from a life insurance pplicy upon the death of the insured?
Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.
What about any life ins or death benefits?
Life Insurance is the same thing as Death Insurance, If you are insured, and you die, your beneficiary receives the proceeds of the life policy.
Who recieves the benefits or money from a life insurance policy upon the death of the insured?
The person, company or trust that is specified under "Beneficiaries" section in the insurance policy will receive the life insurance benefits. If the beneficiaries are more than one, the benefit is split according to policy details, or policy schedule pages.
Will life insurance benefits be paid if insurer refuses treatment for incurrable condition?
if life insurance policy passed the contestability period, benefits will be paid at insured's death.
Will insurance pay out if the death is suicide English Law?
Suicidal acts do not come under the purview of life insurance policy benefits.
Insurance policy life cycle?
What about it? Apply Issued Pay premiums Die death benefits paid.
What are the benefits of a mortgage life insurance?
The benefit of a mortgage life insurance is that in the event of the death of the policy holder, your family will receive benefits to pay on the mortgage. You can learn more about this at the Wikipedia.
What are the policies with survivorship life insurance?
Survivorship life insurance is often taken out by spouses. All the benefits of the policy roll over to the surviving partner on the policy upon the first person's death. However, the benefits are not accessible by the surviving partner; the entire policy is only paid upon the second person's death.
