Texas Statutes and Rules Pertinent to Life Insurance Only
How does settlement at maturity differ from settlement on death for a Texas life policy?
Answer and explanation
Answer: D. Both discharge the contract, but they run to different people on different conditions. Maturity is a living benefit to the owner; the death benefit is payable to the beneficiary on proof of death.Source: Texas Insurance Code — Tex. Ins. Code ch. 1101, payment of proceeds at maturity and at death
More texas statutes and rules pertinent to life insurance only questions
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