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Glossary:
Death Claim: A formal request made by the nominee to receive the life insurance payout after the policyholder’s death. Nominee: The person named in a life insurance policy who is legally entitled to receive the death benefit.
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Glossary
Claim: A formal request by a nominee or policyholder to an insurer to receive death or maturity benefits per the policy. Nominee: The person designated by the policyholder to receive the policy benefits in the event of their death.