Which one of the following statement is correct?

Question

Quizplus · Accepted Answer

Maturity proceeds are typically paid to the heirs or legal successors of the policyholder if the policyholder dies before the policy matures. The nominee may receive the death benefit if the policyholder dies, but maturity proceeds specifically refer to the amount paid at the end of the policy term, which would be directed to the heirs in the event of the policyholder's death before this term concludes.

Which One of the Following Statement Is Correct