Common use of Simultaneous Death of Beneficiary and Insured Clause in Contracts

Simultaneous Death of Beneficiary and Insured. We will pay death Proceeds as though the Beneficiary died before the Insured if: (1) the Beneficiary dies at the same time as, or within 15 days of, the Insured's death; and (2) we have not paid the Proceeds to the Beneficiary within this 15-day period.

Appears in 4 contracts

Samples: Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)

AutoNDA by SimpleDocs

Simultaneous Death of Beneficiary and Insured. We will pay death Proceeds as though the Beneficiary died before the Insured if: (1) the Beneficiary dies at the same time as, as or within 15 days of, of the Insured's ’s death; and (2) we have not paid the Proceeds to the Beneficiary within this 15-day period.

Appears in 3 contracts

Samples: Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account), Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)

AutoNDA by SimpleDocs

Simultaneous Death of Beneficiary and Insured. We will pay death Proceeds as though the Beneficiary died before the Insured if:: ICC19J210 (1) the Beneficiary dies at the same time as, as or within 15 days of, of the Insured's ’s death; and (2) we have not paid the Proceeds to the Beneficiary within this 15-day period.

Appears in 1 contract

Samples: Flexible Premium Adjustable Death Benefit Variable Life Insurance Contract (Kansas City Life Variable Life Separate Account)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!