BeneficiariesSeen in 3 questions
Common Disaster Clause
A policy provision embodying the simultaneous-death rule: the beneficiary must survive the insured by a stated period (such as 30 days) to receive proceeds; otherwise the contingent collects.
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- BeneficiariesA life insurance policy contains a common disaster clause. If the insured and the prima…
- Life InsuranceA common disaster (simultaneous death) provision in a life insurance policy typically s…
- Life InsuranceA life insurance policy contains a common disaster (survivorship) clause. The insured a…
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