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all right were going to talk about three more policy Provisions in this video were going to talk about consideration were going to talk about ownership rights and the owners rights of the policy the owner of the policies rights and were going to talk about assignments so consideration in in the policy Provisions is really like what is each side putting up so what are they offering okay now the insured the person whose life is being insured they are offering in the consideration a promise that they will pay the premium every month or every year or whatever the premium payment mode is how frequently they pay it and also that everything they said in the application is truthful and that everything was done it was was true and correct to the best of their knowledge and belief okay so those are the two things in the consideration for the insured and for the insurer the insurance carrier and the consideration its their promise to pay the claim if the insured dies okay now next we move o
