Sentences with phrase «insured dies as a result»

The policy may exclude payment of benefits in the event that the insured dies as a result of conditions known to exist at the time the policy was taken.

This can increase the amount of coverage that is paid out if an insured dies as the result of certain covered injuries.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

With AD&D, a policy payout will be made if the insured dies as the result of a covered accident.

Pays an additional death benefit if the insured dies as a result of an accidental bodily injury.

Accidental Death Benefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certain age.

If the insured dies as a result of accident related injuries, this protection will cover a portion of the funeral costs regardless of who was at fault in the accident.

With accidental death coverage, there is a death benefit paid out to a named beneficiary if the insured dies as the result of a covered accident.

This can increase the amount of death benefit coverage that is paid out to the beneficiary, provided that the insured dies as a result of injuries that were sustained in a covered accident.

This provides a death benefit to a named beneficiary if the insured dies as the result of a covered accident.

With accidental death insurance, an amount of death benefit is paid out to beneficiaries if an insured die as the result of a covered accident.

The accidental death or double indemnity rider pays the beneficiaries twice the face value of a life insurance policy in the event the insured dies as the result of an accident.

This plan can also be further «customized» by adding various riders such as the children's term rider the disability waiver of premium rider, the accidental death benefit rider, and / or a travel accident rider that provides an additional amount of coverage if the insured dies as the result of a travel related accident.

Payouts vary, depending on the severity of the injuries, the type of medical care a person receives for an injury and in some cases if the insured dies as a result of a covered accident.

Therefore, in this type of plan, the life insurance benefit payout would essentially be doubled if the insured dies as the result of a covered accident.

With this policy, if an insured dies as the result of certain injuries, an additional amount of benefit would be paid out to his or her beneficiaries.

Most companies will, however, pay the full death benefit from day one if the insured dies as the result of an accident.

Accidental Death Benefit Rider — With the accidental death benefit rider, an additional amount of benefit is paid out if the insured dies as the result of an accident.

With accidental death insurance, an individual will have death benefit coverage — which is a guaranteed amount of funds that is paid out to his or her beneficiary (or beneficiaries) should the insured die as the result of a covered accident.

Kotak Accidental Death Benefit Rider (Linked): If the life insured dies as a result of an accident, this rider pays the Rider Sum Assured in addition to the Death Benefit

A clause present in many life insurance policies, an aviation exclusion states that the death benefit becomes void if the insured dies as a result of an aviation - related accident while not on a regularly scheduled flight.

There are a few common exclusions in a term policy including a 2 - year suicide exclusion, which means if the insured dies as a result of suicide within the first two years of being insured, there is no payout (one year in some states).

This can help with providing financial support for loved ones if the insured dies as the result of a covered accident.

For example, the insurance company may suspect that the insured died as a result of an illness or condition that was known but undisclosed at the time of application.

This exclusion states that the insurer is not liable to pay if the life insured dies as a result of the war.

Not exact matches

(1) The insurer shall pay a death benefit in respect of an insured person who dies as result of an accident,

(a) as a result of an accident in another province or territory of Canada or a jurisdiction in the United States of America, a person insured in that jurisdiction within the meaning of subsection (4) dies or sustains an impairment or incurs an expense described in section 15, 16 or 19; and

(1) The insurer shall pay a death benefit in respect of an insured person if he or she dies as result of an accident,

(1) If, as a result of an accident in another province or territory of Canada or a jurisdiction in the United States of America, a person insured in that jurisdiction dies or sustains an impairment or incurs an expense described in section 14, 15 or 16, the insurer shall pay, as the person may elect,

Most commonly, this provision defines whether the primary or the contingent (secondary) beneficiary is to receive the death benefit in the event that both the insured and primary beneficiary die as a result of a common disaster.

Accidental death insurance is a type of limited life insurance that is designed to cover the insured should they die as the result of an accident.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

Pays a percentage of the additional coverage amount if the insured dies or loses a limb as a result of an accident.

Aviation Clause — If the insured is a pilot and dies as the result of an airplane crash, the insurance company is not required to pay out the death benefit.

Due to the fact that the life insurance policy does not pay out until both the insured individuals die, the risk for the insurance company is statistically less — as a result, the premium paid for the second to die policy is cheaper.

This extra sum is payable if the insured dies or loses any two limbs or the sight of both eyes as the result of a covered accident.