Insuring clause

The insuring clause or provision sets forth the insurance company’s basic promise to pay benefits upon the insured’s death. Generally, this clause is not actually titled as such, but appears on the cover of the policy. The insuring clause is typically undersigned by the president and secretary of the insurance company. For example, a company’s insuring clause may read:

“The Insurance Company agrees, in accordance with the provisions of this policy, to pay to the beneficiary the death proceeds upon receipt at the Principal Office of due proof of the insured’s death prior to the maturity date. Further, the Company agrees to pay the surrender value to the owner if the insured is alive on the maturity date.”

In the covenant of eternal salvation, the insuring clause reads something like this:

(I Peter 1:3-5) “Blessed be the God and Father of our Lord Jesus Christ! According to his great mercy, he has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, to an inheritance that is imperishable, undefiled, and unfading, kept in heaven for you, who by God’s power are being guarded through faith for a salvation ready to be revealed in the last time.”

And of course, the King authenticates and ratifies his covenant with a personal emblem of ownership, as it is written, (Isaiah 49:16) “Behold, I have engraved you on the palms of my hands,” and (John 3:33) “Whoever receives his testimony sets his seal to this, that God is true.”

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Covenant theology