Common use of Non-guaranteed Pre-need Contract Clause in Contracts

Non-guaranteed Pre-need Contract. If the Pre-need Contract is non-guaranteed and the net liquidation proceeds are sufficient to pay for the services performed and merchandise delivered pursuant to the Pre-need Contract, the Trustee shall distribute to the Provider the amount needed to pay for such services and goods, and shall distribute the balance of the net liquidation proceeds, if any, to the Beneficiary’s estate or legal heirs. If the Pre-need Contract is non-guaranteed and the net liquidation proceeds are insufficient to pay for the services performed and merchandise delivered pursuant to the Pre-need Contract, the Trustee shall distribute to the Provider the net liquidation proceeds to the Provider.

Non-guaranteed Pre-need Contract. If the Prepre-need Contract is non-guaranteed and the net liquidation proceeds are sufficient to pay for the services performed and merchandise delivered pursuant to the Pre-need Contract, the Trustee shall distribute to the Provider the amount needed to pay for such services and goods, and shall distribute the balance of the net liquidation proceeds, if any, to the Beneficiary’s estate or legal heirs. If the Pre-need Contract is non-guaranteed and the net liquidation proceeds are insufficient to pay for the services performed and merchandise delivered pursuant to the Pre-need Contract, the Trustee shall liquidate the Trust Funds and distribute to the Provider the net liquidation proceeds to the Provider.

Non-guaranteed Pre-need Contract. If the Pre-need Contract is non-guaranteed and the net liquidation proceeds are sufficient to pay for the services performed and merchandise delivered pursuant to the Pre-need Contract, the Trustee shall distribute to the Provider the amount needed to pay for such services and goods, and shall distribute the balance of the net liquidation proceeds, if any, to the Beneficiary’s estate or legal heirs's estate. If the Pre-need Contract is non-non- guaranteed and the net liquidation proceeds are insufficient to pay for the services performed and merchandise delivered pursuant to the Pre-need Contract, the Trustee shall distribute to the Provider the net liquidation proceeds to the Providerproceeds.