If the insurance policyholder passes away, what happens to his/her dependants?

By TymeBank - 16 October, 2020

Hollard Life will attempt to contact the nominated beneficiary to tell them of the available benefit.

If Hollard Life cannot reach the nominated beneficiary, an external tracing company will be used to trace the beneficiary/the policyholder’s relatives if there is no beneficiary on record i.e. partner, children, parent, brother or sister. If unsuccessful, the benefits will be paid over to the policyholder’s estate. However, Hollard Life will unfortunately not trace the nominated beneficiary