Common disaster clause

Common disaster clause,

Definition of Common disaster clause:

  1. Provision in most life insurance policies (and some wills) under which the primary beneficiary of the policy (or will) must survive the insured (or testator) by a certain number (usually from 60 to 90) days to qualify to receive the policys (or wills) benefits. Otherwise the benefits will be paid to the insureds (the testators) estate as if the primary beneficiary died before the insured (testator). Also called survivorship clause.

Meaning of Common disaster clause & Common disaster clause Definition

Common Disaster Clause,

What is Common Disaster Clause?

In life insurance, the purpose of this clause is to eliminate the difficulties that the insurer and his heirs lose at the same time or for a short period of time. Generally, this clause states that if the primary beneficiary company provides proof of death of the insured before, or within a certain period of time (usually 14 or 30 days after the death of the insured) If he dies, his benefits will be paid. . To the recipient of the subsidiary.

Literal Meanings of Common Disaster Clause

Common:

Meanings of Common:
  1. Ordinary, found or ordinary.

  2. (Latin and some other languages) o Indicates the gender of a noun which is traditionally considered masculine or feminine as opposed to neutral.

  3. A form of service (in the Christian Church) used for all occasions.

Synonyms of Common

ungentlemanly, familiar, ill-bred, uncivilized, vulgar, day-to-day, unrefined, usual, daily, general, regular, unladylike, oafish, ill-mannered, typical, gross, frequent, popular, ordinary, uncouth, rough, brutish, customary, everyday, impolite, routine, repeated, habitual, rude, philistine

Disaster:

Meanings of Disaster:
  1. Sudden events, such as accidents or natural disasters, that cause serious injury or death.

Sentences of Disaster
  1. The disaster killed 159 people

Synonyms of Disaster

cataclysm, catastrophe, calamity, tragedy, act of God, holocaust

Clause:

Meanings of Clause:
  1. The unit of grammatical organization is directly under continuous sentences and in traditional grammar, which consists of an article and a prediction.

  2. Articles, terms or reservations are specific and vary in agreement, law or contract.

Sentences of Clause
  1. From the above sentence, both clauses were added to the sequence without any assembly.

  2. Contracts usually choose the terms of the law that define the applicable law.

Synonyms of Clause

construction, point, article, heading, item, subsection, term, group of words, idiomatic expression, clause, phrasal verb, phrasal idiom, expression, section, set phrase, idiom, locution, passage, note, turn of phrase, paragraph, word group, wording, part