Purpose of the Coverage. In the event of the death of a participant covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant’s beneficiary. In the event of the death of a participant’s dependent covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant.
Appears in 3 contracts
Samples: Group Insurance Contract, Group Insurance Contract, Group Insurance Contract
Purpose of the Coverage. In the event of the death of a participant covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant’s beneficiary. In the event of the death of a participant’s dependent covered under one or more life insurance plans, the Insurer pays the insurance amount to the participant.
Appears in 2 contracts
