1) MWP Act DEATH CLAIM BENEFIT : Death Claim Benefit will be paid to wife and children(Life Insurance Nominee) if the life insurance policy was taken under MWP ACT. 2)  MWP ACT NOMINEE? In this act endorsed policies wife and children will be nominees. 3) Lenders right over Death Benefit? Lenders can not claim the claim in the courts according to this act lenders cannot claim the amount received from this kind policies. Watch youtube video which I made about this ACT. Also, click this link to read How to do investment planning with the claim amount received by Nominee …