Deductible
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.
If you have two insurance policies, the policy that is considered primary is typically the one that pays benefits first before the secondary policy.
Life insurance is a contract between an insurance policy holder and an insurer. The insurer promises to pay a designated beneficiary a sum of money or the benefits upon the death of the insured person. The main benefit for the policy owner is peace of mind knowing that the death of the insured person will not result in financial troubles for loved ones and lenders.
The waiting period for a disability insurance policy is the amount of time you must wait after becoming disabled before you can start receiving benefits.
Beneficiary = benefits from Benefits from the execution of a will / payout from an insurance policy etc.
In term insurance, benefits are only payable against unfortunate eventuality of the policy holder within the term of the policy period and are payable to the appointed nominee.
is it a policy holder?
policy holder
The excess is what the policy holder has to pay before the insurance company starts to pay. If excess is $100 Damage is $300 the policy holder gets $200.
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.
The Policy Holder of a life insurance policy is the executor of the said policy.
I believe you are asking about waiver of insurance policy premium. There are certain insurance policies like children's plans, where even if the policy holder (Parent) is no more, the insurance company would waive off the premium payments and continue to provide the benefits to the policy beneficiaries (Children)
no
Insured.
The holder is the owner, In the case of Life Insurance , the person paid is the beneficiary .
The person can be called Policy Holder,Insured, Life Assured as the case may be.
deductible