Common use of Accidental Death Benefit Clause in Contracts

Accidental Death Benefit. If an Accidental Death Benefit Charge is included on the Contract Schedule, an Accidental Death Benefit may be payable which is equal to the lesser of the Contract Value as of the date the death benefit is determined or $250,000. The Accidental Death Benefit is payable if the death of the primary Owner (i.e. the first owner listed on the contract schedule) occurs prior to the Contract Anniversary next following his 75th birthday and is the result of an Injury incurred while he was the primary Owner. The death must also occur before the Annuity Date and within 365 days of the date of the accident which caused the Injury. The Accidental Death Benefit will not be paid for any death caused by or resulting (in whole or in part) from the following:

Appears in 2 contracts

Samples: Variable Account I of Aig Life Ins Co, Variable Account I of Aig Life Ins Co

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Accidental Death Benefit. If an Accidental Death Benefit Charge is included on the Contract Schedule, an Accidental Death Benefit may be payable which is equal to the lesser of the Contract Value as of the date the death benefit is determined determined, or $250,000. The Accidental Death Benefit is payable if the death of the primary Owner (i.e. the first owner listed on the contract scheduleContract Schedule) occurs prior to the Contract Anniversary next following his 75th birthday birthday, and is the result of an Injury incurred while he was the primary Owner. The death must also occur before the Annuity Date and within 365 days of the date of the accident which caused the Injury. The Accidental Death Benefit will not be paid for any death caused by or resulting (in whole or in part) from the following:

Appears in 2 contracts

Samples: Variable Account I of Aig Life Ins Co, Variable Account I of Aig Life Ins Co

Accidental Death Benefit. If an Accidental Death Benefit Charge is included on the Contract Schedule, an Accidental Death Benefit may be payable which is equal to the lesser of the Contract Value as of the date the death benefit is determined or $250,000. The Accidental Death Benefit is payable if the death of the primary Owner (i.e. the first owner listed on the contract scheduleContract Schedule) occurs prior to the Contract Anniversary next following his 75th birthday and is the result of an Injury incurred while he was the primary Owner. The death must also occur before the Annuity Date and within 365 days of the date of the accident which caused the Injury. The Accidental Death Benefit will not be paid for any death caused by or resulting (in whole or in part) from the following:

Appears in 1 contract

Samples: Variable Account I of Aig Life Ins Co

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Accidental Death Benefit. If an Accidental Death Benefit Charge is included on the Contract Certificate Schedule, an Accidental Death Benefit may be payable which is equal to the lesser of the Contract Certificate Value as of the date the death benefit is determined or $250,000. The Accidental Death Benefit is payable if the death of the primary Owner (i.e. i.e., the first owner listed on the contract scheduleCertificate Schedule) occurs prior to the Contract Certificate Anniversary next following his 75th birthday and is the result of an Injury injury incurred while he was the primary Owner. The death must also occur before the Annuity Date and within 365 days of the date of the accident which caused the Injuryinjury. The Accidental Death Benefit will not be paid for any death caused by or resulting (in whole or in part) from the following:

Appears in 1 contract

Samples: Variable Account I of Aig Life Ins Co

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