Exclusion for Death Benefit Sample Clauses
The Exclusion for Death Benefit clause defines specific circumstances under which a death benefit will not be paid out under an insurance policy. Typically, this clause lists events such as suicide within a certain period after policy inception, death resulting from criminal activity, or death occurring during participation in hazardous activities. By clearly outlining these exclusions, the clause protects the insurer from paying claims in situations deemed high-risk or outside the intended coverage, thereby managing risk and ensuring policyholders understand the limitations of their coverage.
Exclusion for Death Benefit. The payment of the Death Benefit will not be made for death due to:
(a) suicide while sane or insane; or
(b) any Pre-existing Condition, within twelve (12) months from the Date of Issue or date of reinstatement (if applicable) of the Policy and the Policy will be rendered void. The Company will refund all premiums paid for the Policy without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).
Exclusion for Death Benefit. The payment of the Death Benefit w ill not be made for death due to:
(a) suicide w ▇▇▇▇ sane or insane; or
(b) any Pre-existing Condition, w ithin ▇▇ ▇▇▇▇ (12) months from the Date of Issue or date of reinstatement (if applicable) of the Polic y and the Policy w ill be rendered void. The Company w ill refund all premiums paid for the Policy w ithout interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).