Frequently Asked Questions
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You asked: Who gets the money if there is a valid death claim?
It depends upon the kind of policy you hold and how that policy has been set up.
If you hold a joint policy, the money will usually go to the remaining policyholder.
If you are a sole policyholder, the money will go to your estate. Remember, you can choose who the money goes to by placing your policy under trust.
If your policy is assigned to a mortgage, the lender may have a declared interest in the pay-out and may ask for a portion of the money to be used as a settlement for any outstanding mortgage.
To find out more, give us a call on 0800 092 5367.
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