Death Proceeds. If the Insured dies, we will pay the death Proceeds to the Beneficiary. We will require proof that the Insured’s death occurred while this contract was in force. We will pay the Proceeds to the Beneficiary in a lump sum unless you or the Beneficiary elect one of the payment options listed in Section 13, Payment of Proceeds. The amount of death Proceeds payable upon the Insured’s death is determined according to the coverage option you have elected. The coverage option is shown in Section 1, Contract Data.
Death Proceeds a) Upon the death of the Executive, the Executive’s designated beneficiary shall receive the Split Dollar Insurance Benefit per Schedule A.
Death Proceeds. If the Annuitant dies before the maturity date, the beneficiary will receive a death benefit. The death benefit will be calculated depending upon which guaranteed death benefit option is in effect on the contract at the date of death. There is a Base Guaranteed Minimum Death Benefit, or at issue two enhanced options may be chosen at an additional charge. The two Guaranteed Minimum Death Benefit Options are: · The Annual Ratchet Guaranteed Minimum Death Benefit Option; and · The Enhanced Combination Guaranteed Minimum Death Benefit Option. The issue requirements and Guaranteed Minimum Death Benefit Monthly Expense Charge vary for each Guaranteed Minimum Death Benefit Option. The monthly expense charge for each option is shown in Section 1, Contract Data. Under the Base Guaranteed Minimum Death Benefit, we guarantee that the death benefit will be the greater of:
Death Proceeds. The Death Proceeds payable upon the death of the Insured while this contract is in force is the sum, on the date of death, of:
Death Proceeds. 10, 11 Definitions .......................................... 2
Death Proceeds. 2 Deferment ............................................................ 2
Death Proceeds. The amount payable on the Insured's death before the Maturity Date will be the sum, on the date of death, of:
Death Proceeds. If the Insured dies before Attained Age 100, the amount payable will be the sum, on the date of death, of: 1) The Death Benefit (see Section 5.1); and 2) Any insurance on the Insured's life provided by Additional Benefits in this contract; Less the sum of: 3) Any Debt; and 4) The amount, if any, needed to cover Monthly Deductions through the month of death. If the Insured dies at or after Attained Age 100, the amount payable will be the Cash Surrender Value on the date of death. 2.4
Death Proceeds a) Upon the death of the Director, the Director’s designated beneficiary shall receive the Split Dollar Insurance Benefit per Schedule A.
Death Proceeds. If the Annuitant dies before the maturity date, the beneficiary will receive a death benefit. The proceeds payable will be the guaranteed minimum death benefit. The guaranteed minimum death benefit will be the greater of:
