Common use of Simultaneous Death Provision Clause in Contracts

Simultaneous Death Provision. If We cannot determine whether You or a Beneficiary died first in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

Appears in 2 contracts

Samples: 403(b)(7) Individual Custodial Account Agreement, Custodial Account Agreement

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Simultaneous Death Provision. If We cannot determine whether You the Participant or a Beneficiary died first in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

Appears in 2 contracts

Samples: 403(b)(7) Group Custodial Agreement, Governmental 457(b) Group Custodial Agreement

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Simultaneous Death Provision. If We cannot determine no determination can be made whether You the Participant or a Beneficiary died first in a common disaster, We payments will assume that be made as if such Beneficiary predeceased the Beneficiary died first and make payments on that basisParticipant.

Appears in 1 contract

Samples: Custodial Account Agreement

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