How to deal with endowment insurance when the insurer dies halfway?
How to deal with endowment insurance when the insurer dies halfway? Is it commercial insurance or endowment insurance? In the case of social security pension insurance, the insured must reach the retirement age and have paid the pension insurance for more than 15 years before they can receive the basic pension insurance on a monthly basis. If the insured dies before reaching the national statutory retirement age after paying the pension insurance, the family members can inherit the personal account part of the basic pension insurance of the insured. If it is a commercial insurance, it depends on the terms of the insurance you buy. The commercial insurance contract includes the applicant (the person who pays the fees), the insured (the protection object) and the beneficiary. If the applicant dies midway and there is a premium exemption clause in the insurance contract, the policy can enjoy premium exemption treatment, and the insurance contract will take effect as usual. If there is no exemption clause in the insurance contract, as long as the premium is paid on time, the insurance contract will take effect as usual. If the insured dies in the middle of the journey, the insurance company can get compensation according to the insurance contract, and the insurance contract is terminated. Do you understand this explanation?
