The correct answer is D. Term life insurance pays benefits to named beneficiaries when the policy holder dies during
the duration of the policy.
Step-by-step explanation:
- After when someone dies, the beneficiary of the life insurance policy will require to make a death claim to receive the insurance amount.
- When you have a term life insurance policy, the value or the death benefit, it will not have any impact on the benefits you receive.
- Life insurance is one of the type of insurance, or risk protection, that gives payment to a nominated beneficiary after the policyholder's death.
- Term life insurance pays advantages to those who named beneficiaries when the policy holder dies during the time of the policy.
- .When a person dies, the insurance company investigates and then claim and then pays out to the death benefit.
