The classification that is used in the senior market place is the lien plan
Explanation:
This type of plan is most often used with the senior life insurance plan and these plan are mainly to provide the most minimal benefits without the medical examination
In this plan only the one premium will be refunded and that too it assures only in the case of death and later the benefits take over the time and finally the face amount will be payable. This is the demand for repayment and there cannot be full assurance if the company will provide us or not
