Insured Spouse definition
Examples of Insured Spouse in a sentence
In the event that two (2) Insured Employees are Spouses of each other and eligible for insurance under this policy, one (1) of the two (2) may choose to be insured as an Insured Spouse of the other in which case they will not be considered to be an Insured Employee or both may choose to be covered as an Insured Employee in which case neither will be eligible as a Spouse.
If two Insured Employees are Spouses of each other and are eligible for insurance under this policy, one of the two may choose to be insured as an Insured Spouse of the other, in which case they will not be considered to be an Insured Employee.
We agree to pay the death benefit upon receipt of due proof of death of the Insured Spouse.
If an Insured Spouse or Insured Dependent Child, in the judgment of the Insurer, constitutes a higher risk, the Insurer may, at its discretion, either refuse the application or accept it subject to the payment of premiums in addition to those stipulated for this benefit.
No application will be required to add coverage for a newborn child born to an Insured with Insured and Children Coverage or Insured, Spouse and Children Coverage.
The death benefit is the Amount of Benefit for the Insured Spouse as shown on Page 1 (Policy Schedule) of this policy.
If the Insured Spouse commits suicide, while sane or insane, within 2 years from the effective date of this Agreement, the total liability shall be the Cost of Insurance for this benefit.
Insurance on the Insured Spouse under this Agreement may be converted on or before the anniversary of this Agreement following the 65th birthday of the Insured Spouse.
The guaranteed maximum cost of insurance rates are shown in the schedule of Insured Spouse rates included in this policy.
Additional Insurance Benefit Amounts for an Insured Spouse or Insured Dependent Child is subject to the acceptance of Evidence of insurability deemed satisfactory by the Insurer.