Results Clause Life Insurance. From and after age 65 employees who remain employed in full time active status shall receive another reduction of an additional 15 once they have attained the age of 70. Protect the insurer from ever paying a claim that results from suicide.
In the past it was very common for insurance policies to contain clauses that excluded coverage for people who participated in acts of war served in the military worked in aviation or had dangerous hobbies like skydiving or scuba diving. Protect the insurer from ever paying a claim that results from suicide. Understanding a War Exclusion Clause.
The suicide clause in your policy specifies that the insurance company will not pay the benefit if the insured attempts to or commits suicide within a specified period from the beginning of the.
Amount of Life Insurance Coverage. Employees who are in full time active status and who have attained the age of 65 shall have their life insurance benefit reduced by 35. Some types of clauses are common and well-known such as a flood damage clause in a homeowners policy or a suicide clause in life. Amount of Life Insurance Coverage.