Common use of Event of death Clause in Contracts

Event of death. 4.b.1. Should the insured die on the occasion of an accident as listed above or within 2 years as a result of injuries sustained during the accident, the insurer will instead pay the sum agreed in the event of death. Unless the insured has left written instructions to the contrary, the sum in the event of death will be paid out to the rightful heirs upon presentation of proof that they are the beneficiaries (certificate of inheritance). Payments made on account of permanent invalidity arising from the same event will be deducted from benefits paid upon death.