What Does Assured Mean?

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What does Assured mean? Read on to discover the definition & meaning of the term Assured - to help you better understand the language used in insurance policies.

Assured

Assured

Legal owner or beneficiary of a life insurance policy. He or she has the control (subject to some exceptions) of the sums realized from proceeds of the policy at its maturity, or upon death of the person covered under the policy.

We hope the you have a better understanding of the meaning of Assured.

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