Who are the persons entitled to payment under the life insurance policy?

Who are the persons entitled to payment under the life insurance policy?

(5) Where the policy matures for payment during the lifetime of the person whose life is insured or where the nominee or, if there are more nominees than one, all the nominees die before the policy matures for payment, the amount secured by the policy shall be payable to the policy-holder or his heirs or legal … Jan 8, 2022