Death Claims Clause Samples

Death Claims. Death Claims include the death benefit and any interest paid associated with the Reinsured Contracts.

Death Claims. Death Claims includes the cash surrender value and, if applicable any guaranteed minimum death benefits (GMDB) paid or accrued by the Ceding Company under the Reinsured Contracts at death of an Owner or Annuitant, as the case may be.

Death Claims. For each claim for death benefits under the life insurance Contracts, shall pay NLV the sum of (1) Death Benefits pursuant to the modified coinsurance arrangement and (

Death Claims. Claims covered under this Agreement include only "Death Claims" which: (i) are for the proportionate share of the risk reinsured by Generali USA; (ii) arise out of the death of the Reinsured Policy's named insured; and, (iii) are based upon the contractual death benefits specified in the Reinsured Policy including any applicable riders and supplementary benefits that are reinsured, as more fully specified in Schedule A. The Reinsurer shall also pay its proportionate share of interest imposed automatically by statute without regard to fault.

Death Claims. 5.1 When the Employee dies, the Bank shall be entitled to receive from the insurance company a portion of the death benefits payable under the insurance policy equal to the Bank’s Policy Interest the receipt of this amount by the Bank shall constitute satisfaction of the Bank’s rights under Section 3 of this Agreement. 5.2 When the Employee dies, the Beneficiary shall be entitled to receive from the insurance company the amount of the death benefits equal to the Employee Death Benefit.

Death Claims. A. When the survivor of the Husband and Wife dies, the Company shall be entitled to receive a portion of the death benefits provided under the Policy; provided, however, that a Vesting Event shall not have occurred prior to such death, in which event the Company shall not receive any part or all of the death benefits provided under the Policy. The amount to which the Company shall be entitled shall be the Net Payment Amount less any repayments made by the Epst▇▇▇ ▇▇▇ily Trust to the Company prior to the death of the survivor of the Husband and Wife; provided, however, that upon receipt of such amount by the Company, the Company shall release the collateral assignment of the Policy made by the Epst▇▇▇ ▇▇▇ily Trust to the Company pursuant to ARTICLE 6 of this Agreement. The receipt of such amount by the Company shall constitute satisfaction of the Epst▇▇▇ ▇▇▇ily Trust's obligation under Section A of ARTICLE 5 of this Agreement. To the extent, if any, the death benefits under the Policy are insufficient to pay in full the Net Payment Amount less any repayments made by the Epst▇▇▇ ▇▇▇ily Trust to the Company prior to the death of the survivor of the Husband and Wife, the Epst▇▇▇ ▇▇▇ily Trust shall be liable to the Company for the amount of such insufficiency. B. When the survivor of the Husband and Wife dies, the beneficiary or beneficiaries named by the Epst▇▇▇ ▇▇▇ily Trust (or by its assignees) shall be entitled to receive the amount, if any, of the death benefits provided under the Policy in excess of the amount, if any, payable to the Company under Section A of this ARTICLE 8. Such amount shall be paid under the settlement option elected by the Epst▇▇▇ ▇▇▇ily Trust (or by its assignees). C. If any interest is due upon the death benefits provided under the Policy, the Company and the beneficiary or beneficiaries named by the Epst▇▇▇ ▇▇▇ily Trust (or by its assignees) shall share such interest in the same proportions as their respective shares of such death benefits (as provided in Sections A and B, respectively, of this ARTICLE 8) shall bear to the total death benefits provided under the Policy excluding such interest. D. If, upon the death of the survivor of the Husband and Wife, there is a refund of unearned premium under the Policy, then any such refund shall be divided between the Company (provided, however, that a Vesting Event shall not have occurred prior to such death, in which event the Company shall not receive any part or all of such refund under...

Death Claims. Upon receipt of acceptable notification* that the Borrower or Co-Borrower has died, the Servicer must suspend any and all collection activity with respect to the loan, as an administrative forbearance, for 60 days. If the Borrower in whose name and Social Security number the account is listed has died, the Servicer will de-convert and reconvert the loan under the other Borrower's name. *ACCEPTABLE WRITTEN NOTIFICATION OF DEATH - Certified copy of the death certificate - Letters testamentary or certificate of appointment of the executor / executrix of the estate, stamped and certified by the applicable court. - Obituary from local newspaper All written notification must be received by ▇▇▇▇ within sixty (60) calendar days of receipt by the Servicer. If the Servicer receives verbal or written notification that is not considered acceptable, the Servicer will still provide ▇▇▇▇, within sixty (60) calendar days, with the written notification. In instances where unacceptable information is received, the Servicer will continue all collection activity as well as pursue all avenues to obtain acceptable written notification. The Servicer will file a claim with ▇▇▇▇ within sixty (60) calendar days of receipt of the acceptable notification provided the loan(s) are single signatory. In instances where there is more than one signatory, a claim will not be filed to ▇▇▇▇, as the surviving signatory (s) is still obligated on the debt. Any payments that ▇▇▇▇ receives from a deceased's Estate will be forwarded to the Servicer to be applied to all applicable loan (s), provided the Servicer has retained the servicing of the loan(s).

Death Claims. The death claims process will commence immediately following notification to Wealth Options Trustees of a member’s death and will be concluded within 5 working days of receipt of the required documentation fully completed and providing assets have been liquidated. We will require sight of the original Death Certificate and Marriage Certificate if benefits are payable to a Spouse. Retirements A retirement claim form and BCE Declaration outlining the member’s options will be issued within 10 working days of receipt of notification. The retirement claim will be paid within 10 working days of receipt of the required documentation fully completed. The documentation required is as follows: - Original Birth Certificate, which will be returned - Copy of P60’s as required - Original parts 3 and 4 of P45 - Written confirmation that the member has no retained benefits under any other Pension Scheme - Additional information may be required in early retirement cases - Confirmation that all benefits from all Schemes relating to same employment are being drawn down at the same time.

Death Claims. A. When the Employee dies, the Corporation will promptly take all the steps which may be necessary to obtain the death benefits provided under the policy on the Employee's life acquired pursuant to the terms of ther Agreement. B. When the Employee dies, the Corporation shall be entitled to receive a portion of the death benefits provided under the policy on the Employee's life acquired pursuant to the terms of ther Agreement. The amount to which the Corporation will be entitled shall be the total amount which it has paid, pursuant to