When policy matures on the death of the insured, it is expressed as

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When a policy matures on the death of the insured, it is expressed as a with-profit policy. This is because the policyholder has paid premiums into the policy over time, and the insurance company has invested these premiums in order to generate a profit. When the policyholder dies, the insurance company pays out the death benefit to the beneficiary, plus any profits that have been generated on the investment of the premiums.

When Policy Matures on the Death of the Insured, It