Common use of EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES Clause in Contracts

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Agreement.

Appears in 5 contracts

Samples: Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings), Split Dollar Agreement (Bank Holdings)

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EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s 's suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Agreement.the

Appears in 3 contracts

Samples: Joint Beneficiary Agreement (Columbia Banking System, Inc.), Split Dollar Agreement (Columbia Banking System, Inc.), Joint Beneficiary Agreement (Columbia Banking System, Inc.)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to the Insured’s (or the Insured’s Assignee’s) beneficiary(ies) under this Joint Beneficiary Agreement.

Appears in 3 contracts

Samples: Joint Beneficiary Agreement (BayCom Corp), Joint Beneficiary Agreement (BayCom Corp), Joint Beneficiary Agreement (BayCom Corp)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Endorsement Method Split Dollar Agreement.

Appears in 2 contracts

Samples: Split Dollar Agreement (Columbia Banking System, Inc.), Split Dollar Agreement (Columbia Banking System, Inc.)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s (Policies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assigneeassignee’s) beneficiary(iesBeneficiary(ies) under this Agreement. 17.

Appears in 1 contract

Samples: Endorsement Method Split Dollar Agreement (Heritage Financial Corp /Wa/)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’sAssignees) beneficiary(ies) under this Endorsement Method Split Dollar Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (Columbia Banking System Inc)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Agreement.shall

Appears in 1 contract

Samples: Split Dollar Agreement (Columbia Banking System Inc)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s Policy’s(ies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) Beneficiary under this Endorsement Method Split Dollar Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (Columbia Banking System Inc)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(iesBeneficiary(ies) under this Joint Beneficiary Designation Agreement.

Appears in 1 contract

Samples: Joint Beneficiary Designation Agreement (Americanwest Bancorporation)

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EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Agreement.death

Appears in 1 contract

Samples: Split Dollar Agreement (Columbia Banking System Inc)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s Policy’s(ies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’sAssignees) beneficiary(iesBeneficiary(ies) under this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (California BanCorp)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s life insurance Policy’s(ies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(iesBeneficiary(ies) under this Agreement.

Appears in 1 contract

Samples: Joint Beneficiary Agreement (BayCom Corp)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s (Policies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assigneeassignee’s) beneficiary(iesBeneficiary(ies) under this Agreement.

Appears in 1 contract

Samples: Split Dollar Agreement (Heritage Financial Corp /Wa/)

EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. Notwithstanding anything to the contrary, the The parties herein understand and agree that the payment of the benefits provided herein are subject to the Life Insurance Policy’s Policy’s(ies’) suicide and contestability clauses and other such clauses, and if such clauses preclude the Insurer from paying the full death proceeds, then, in such event, no death benefits of whatever nature shall be payable to Insured’s (or Insured’s Assignee’s) beneficiary(ies) under this Agreement.death

Appears in 1 contract

Samples: Split Dollar Agreement (Columbia Banking System Inc)

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