The date at which the face amount of a Life Insurance policy becomes payable by reason of either death or endowment.
The date at which the face amount of a Life Insurance policy becomes payable by reason of either death or endowment.
Insurance coverage on the head of a family which is extended to his or her dependents, including only the lawful spouse and unmarried children who are not yet employed on a full-time basis. “Children” may be step, foster, and adopted, as well as natural. Certain age restrictions on children usually apply.