Life Insurance

Life Insurance- is a contract between an insurer and a policyholder in which the insurer guarantees
payment of a death benefit to named beneficiaries upon the death of the insured.

A.

1. Insured- an Insured is a person who is the buyer of the insurance policy.

My Mother is the insured person.

2. Policy holder- is the person or organization in whose name an Insurance policy is registered

My Mother is also the policyholder.