DEATH OF THE INSURED. In the event of the death of the Insured while this Agreement is in effect, a portion of the proceeds of the Policy equal to the Policy Interest shall be paid to the Assignee and the balance of the proceeds of the Policy shall be paid to the beneficiary or beneficiaries under the Policy (as their interests may appear); provided, in computing the value of Assignee's Policy Interest upon termination, Assignee shall be deemed to have repaid to Insurer the amount of any outstanding Policy loans or advances to Assignee (including accrued interest) immediately prior to such termination, and such deemed repaid amount in turn shall be deemed to have been distributed to Assignee.
DEATH OF THE INSURED death of the Insured caused by an accident or any other natural reason (which is not in the list of exceptions);
DEATH OF THE INSURED. If the Insured dies, this Contract will continue in force for the benefit of the Insured’s spouse or legal representative until it is terminated in accordance with its provisions.
DEATH OF THE INSURED death caused by an accident or any natural reason.
DEATH OF THE INSURED on the date of death;
DEATH OF THE INSURED. If the Insured dies prior to all monthly payments being made, the Benefit Amount of the Term Policy, reduced to reflect the Accelerated Benefit paid, will be paid as a lump sum settlement or under an Income Option to the Beneficiary. If You request a benefit payment under this Rider, and death of the Insured occurs before Our payment of the Accelerated Benefit, no Accelerated Benefit will be payable. In the event We make an Accelerated Benefit payment in good faith, and the death occurs before the first payment date, We will be released from liability to the extent of such payment made or action taken prior to Our receipt of proof of death. RIDER PREMIUM AND CASH VALUE There is no premium, cash value or loan value associated with this Rider.
DEATH OF THE INSURED. If you are not the Insured, and this rider ends because of the death of the Insured, we will issue to you a new policy on the life of the additional insured person. The requirements and provisions under Exchanging this Rider for an Insurance Policy will apply. We must receive a written request within 30 days after the Insured's death. If the Insured's date of death is the 29th, 30th, or 31st day of a calendar month, the new policy will be effective on the first day of the following calendar month. Otherwise, the new policy will be effective on the date of the Insured's death. If you are the Insured and this rider ends because of your death, the additional insured person may request the new policy. In this case, the additional insured person will own the new policy. If the additional insured person dies within 30 days after the Insured, and if a new policy has not been requested, we will pay the amount of insurance that would have been paid under this rider had it not ended. Our payment will be made as if this rider was still in effect. LIMITS ON EFFECT OF OTHER RIDERS No benefit rider, other than a Disability Benefit Rider, will affect this rider. This rider will not increase the benefits paid under any other rider. LIMITS ON CONTESTING THIS RIDER We will not contest the amount of insurance originally provided by this rider after it has been in effect during the additional insured person's life for two years. COST OF THIS RIDER This rider is issued in consideration of the application and the inclusion of its monthly cost of insurance in the Policy's monthly deduction. The monthly cost of insurance for this rider is (1) multiplied by (2) where:
DEATH OF THE INSURED. In the event of the insured’s death during treatment for an illness or injury, the expenses for their treatment will be paid within the scope of the policy and coverage if the insured’s heirs complete the necessary documents for compensation. If the insured dies outside of the T.R. borders the expenses necessary for the body to be transported to Turkey are covered with a limit of $10,000.
