Common use of Simultaneous Death Provision Clause in Contracts

Simultaneous Death Provision. If We cannot determine whether You or a Beneficiary died first in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

Appears in 4 contracts

Sources: 403(b) Individual Custodial Account Agreement, 457(b) Individual Custodial Account Agreement, 403(b)(7) Individual Custodial Account Agreement

Simultaneous Death Provision. If We cannot determine whether You the Participant or a Beneficiary died first in a common disaster, We will assume that the Beneficiary died first and make payments on that basis.

Appears in 2 contracts

Sources: Governmental 457(b) Group Custodial Agreement, 403(b)(7) Group Custodial Agreement