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Bankers Life and Casualty Company Forms Place of Death

Bankers Life and Casualty Company Forms Place of Death

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three terms that you need to know to collect on a life insurance policy in this video I'm going to share with you how you can collect on a life insurance policy life insurance has been around for hundreds of years and I personally have delivered many payouts to beneficiaries and different families so here's how it works so three terms you need to know to collect on a life insurance policy the first one is insured when the insured dies or passes away the policy gets paid out so this is the person that's getting coverage on themselves the second one is face amount also known as death benefit this is the total amount of coverage that gets paid out once the person passes away once the insured passes away and the third term is beneficiary and the beneficiary is the one that receives the payout of the life insurance policy payout being the death benefit face amount upon the insured's passing does that make sense now can there be multiple beneficiaries absolute

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