facility of payment clause

fa·​cil·​i·​ty of pay·​ment clause
: a clause in an insurance policy permitting the insurer to pay the death benefit to a relative of the insured or to any other person especially by reason of the person's incurring expenses (as funeral expenses) on the insured's behalf

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facility of payment clause


Cite this Entry

“Facility of payment clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/facility%20of%20payment%20clause. Accessed 21 May. 2024.

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