Common use of Death Proceeds Clause in Contracts

Death Proceeds. The Death Proceeds payable upon the death of the Insured while this contract is in force is the sum, on the date of death, of: 1) The Death Benefit (see Section 5.2); and 2) Any insurance on the Insured's life provided by Additional Benefits in this contract; Less the sum of:

Appears in 2 contracts

Sources: Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1), Flexible Premium Variable Life Insurance (Thrivent Variable Life Account 1)