Glossary

Nominee

Also called nomination.

The person you name to receive the payout on a death claim.

The nominee is who the insurer pays. Naming one, and keeping the details current, is the single most practical thing a policyholder can do to make a claim straightforward for their family.

If the nominee is a minor, an appointee must also be named to receive the money on their behalf.

Related terms

  • Appointee An adult named to receive a claim payment on behalf of a nominee who is a minor.
  • Claim A request for the insurer to pay what the policy promises.
  • Death benefit The amount payable to the nominee if the life assured dies during the policy term.

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