When the beneficiary of an insurance policy dies simultaneously with the insured, the proceeds of the policy are payable as if the insured had survived the beneficiary.

Question

Quizplus · Accepted Answer

This is known as the "simultaneous death clause" and is a standard provision in most insurance policies. It ensures that the proceeds go to the insured's estate if the beneficiary cannot receive them due to their simultaneous death.

When the Beneficiary of an Insurance Policy Dies Simultaneously with the Insured