Declination. If a beneficiary has died, or completely or partially declines their right, the/those person(s) who according to the nomination would be next entitled will take the place of the party who has declined. A declination must be made before the death benefit is paid to the beneficiary.
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Sources: Occupational Pension Insurance and Long Term Disability Insurance Agreement
Declination. If a beneficiary has died, or completely or partially declines their right, the/those person(s) who according to the nomination would be next entitled will take the place of the party who has died/declined. A declination must be made before the death benefit is paid to the beneficiary.
Appears in 1 contract
Sources: Group Scheme Insurance