DEATH PROCEEDS definition

DEATH PROCEEDS. The actual amount of money payable to the Beneficiary if both Insureds die while your policy is in force prior to the Maturity Date is called the Death Proceeds. The Death Proceeds equals:

DEATH PROCEEDS means the total death proceeds of the Policy.

DEATH PROCEEDS. The actual amount of money payable to the Beneficiary if the Insured dies while your policy is in force prior to the Maturity Date equals:

Examples of DEATH PROCEEDS in a sentence

• Any amount that may be paid by the Company under this additional death benefit for organ donor provision is regarded as Death Proceeds.

• Any amount that may be paid by the Company under this compassionate death benefit provision is regarded as Death Proceeds.

• Any amount that may be paid by the Company arising from the death of the Insured Person under this medical negligence benefit provision is regarded as Death Proceeds.

• The Company will pay the Death Proceeds to the primary Beneficiary named in the Application unless the Policy Holder names a new primary Beneficiary.

• Under the annuity contract applied for, the Accumulated Value and Death Proceeds may increase or decrease daily based on the investment experience of the Variable Account; and the annuity payments, when based on the investment experience of the Variable Account, are variable and are not guaranteed as to minimum dollar amount.

More Definitions of DEATH PROCEEDS

DEATH PROCEEDS. The Death Proceeds is the amount of money payable to the Beneficiary if the Insured dies while your Policy is in force prior to the Maturity Date. Refer to the Death Benefit Provisions for details.

DEATH PROCEEDS. The actual amount of money payable to the Beneficiary if the Insured dies while your Policy is in force prior to the Maturity Date is called the Death Proceeds. The Death Proceeds equals:

DEATH PROCEEDS is the amount of money that we will pay the Beneficiary if the Insured dies while this Contract is in force.

DEATH PROCEEDS means the face amount of the death benefit provided for in the Policy plus any increase in the Death Benefit from dividends, cash or accumulation value as those terms may be defined in the Policy contract or option contained therein.

DEATH PROCEEDS. The death proceeds equals:

DEATH PROCEEDS means, with respect to a deceased Participant, the death proceeds that the Trustee has or shall receive under one or more Policies as a result of a Participant's death.

DEATH PROCEEDS means the amount payable upon the death of the Insured Person pursuant to the suicide provision, compassionate death benefit provision, additional death benefit for organ donor provision and medical negligence benefit provision.