Delayed Payment Clause


Definition of "Delayed payment clause"

Claudia  Blanco real estate agent
Claudia Blanco, Real Estate Agent RE/MAX PREFERRED

Life insurance policy provision stating that after the death of an insured, the proceeds from a policy are not immediately paid to the primary beneficiary; instead, they are delayed for a specified time period. This usually occurs in common disaster situations.

 

Need help from a real estate agent?


Buy Sell Rent

I agree to receive FREE real estate advice.

Are you a real estate agent?


Residential Rental Commercial

I agree to receive FREE real estate advice.

Have a question or comment? We're here to help.

 

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Popular Insurance Questions