What does Death mean? Read on to discover the definition & meaning of the term Death - to help you better understand the language used in insurance policies.
Death refers to the end of an individual's life when all vital functions of their body cease to work, such as brain function, heartbeat, and breathing. In terms of insurance, beneficiaries of a life insurance policy receive money upon the policyholder's death. In case there are no named beneficiaries, the insurance benefits become a part of the bereaved person's estate, and it is then distributed as per probate laws.
We hope the you have a better understanding of the meaning of Death.