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What is the person who receives financial protection from a life insurance plan is called?
The person who receives financial protection from a life insurance plan is called a "beneficiary." In the event of the policyholder's death, the beneficiary receives the death benefit payout from the insurance policy. This financial support can help cover expenses such as funeral costs, debts, and ongoing living expenses for dependents.
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What is The person who receives financial protection from a life insurance plan is called a what?
The person who receives financial protection from a life insurance plan is called a "beneficiary." In the event of the policyholder's death, the beneficiary is entitled to receive the death benefit payout from the insurance company. This financial support can help cover expenses such as funeral costs, debts, and living expenses for dependents.
The person who receives financial protection from a life insurance plan is called a?
The person who receives financial protection from a life insurance plan is called a beneficiary. When the policyholder passes away, the beneficiary is entitled to receive the death benefit payout from the insurance policy. This payout can help cover expenses such as funeral costs, debts, and other financial obligations left behind.
What is a Cambridge undergraduate who receives financial assistance called?
sizer
If you suffer loss is called insurance?
Insurance is a financial arrangement that provides protection against potential losses. When an individual or entity suffers a loss, such as damage to property or health issues, insurance can help cover the associated costs, reducing the financial burden. By paying regular premiums, policyholders transfer the risk of loss to the insurance company, which then compensates them according to the terms of the policy.
What is a financial accounting record that is maintained for each patient who receives proffessional services?
It is called a Ledger.
What is an account with a financial institution used to pay taxes and insurance called?
An Escrow Account.
What part of auto insurance pays bodily injury regardless of fault?
The part of auto insurance that pays for bodily injury regardless of fault is called "Personal Injury Protection" (PIP) or "no-fault" insurance. This coverage is designed to pay for medical expenses, lost wages, and other related costs for the insured and their passengers after an accident, regardless of who caused it. PIP is mandatory in some states and optional in others, providing a layer of financial protection for drivers.
What was Barack Obama insurance medical bill called?
Patient Protection and Affordable Care Act
A new industry that is protected is termed as what?
The insured receives a contract, called the insurance policy, which details, Wren's inclusion of a site for 'the Insurance Office' in his new plan for London in 1667".
Is there still a Company called Harvest Life Insurance Company?
I believe it was bought out by GE Financial, now called Genworth.
What is homeowners insurance?
Homeowners need insurance protection in the event of damage to their property. That's basically what homeowners insurance offers: financial protection in case disaster strikes. In the US, basic coverage (also called "Form 1", or "H1") will insure your house against damage from fire and lightening. If you want more protection you'll need to purchase broader coverage.Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
What insurance covers the contents of buildings?
The insurance that covers the contents of buildings is called 'Buildings and Contents Insurance'. It provides more protection that just buildings insurance by covering the contents inside as well as the physical building.
