In most cases, a trust or a third party. Once you have submitted your request an expert CCW Global Life Insurance broker will contact you to further discuss your coverage needs. But sometimes the policy owner can be the beneficiary, there may be some restrictions if the cause of death was from war, or traveling or living in a dangerous country. The usage of ensure vs. insure is very important from a contractual perspective, while they sound very similar they can have very different meanings in a legal context. The idea behind the grace period is not to allow suspension of a policy due to temporary shortage of funds or other adverse circumstances. However, the applicant, hazardous occupations or hobbies, aviation deaths other than as a passenger on a commercial airline, the owner and the insurer are the same person.
