Who will receive the insurance benefit if the Beneficiary is a minor?
If the Beneficiary is a minor child , then the insurance company may make a payment to the child himself when he reaches the age of majority (18 years), or the payment may be made to his parents, close relatives or guardians.
This can be specified in the additional conditions when concluding the Insurance Contract.
- Life insurance programs "Golden Handcuffs" and "Golden Parachute"
- What happens if you do not pay or delay the next insurance premium?
- Risk life insurance and the golden handcuffs program
- What is a medical examination in life insurance?
- What to choose for investment - a pension fund or an insurance company?
