Common use of The Benefit Clause in Contracts

The Benefit. We will provide the benefits described below upon each of the following events: 3a. Death of a Child. We will pay the amount of Child Term Insurance shown for this rider on page 5-CIB to the Child's beneficiary upon receiving proof that the death of the Child occurred before: 1) This rider has terminated; and 2) The Rider Anniversary next after the Child's 21st birthday. 3b. Death of the Insured. Upon receiving proof that the death of the Insured occurred before this rider terminated, any Child Term Insurance then in force will become Child Paid-Up Term Insurance to the Rider Anniversary after the Child's 21st birthday. The amount of Child Paid-Up Term Insurance is the same as the amount of Child Term Insurance. 4. MONTHLY COST. The monthly cost for this rider is shown on page 5-CIB. It is deducted only while at least one child is insured under this rider. If there are no children insured under this rider on the date of birth or adoption of any child, you must give us Written Notice of birth or adoption before the sixth Monthly Anniversary after that date. The monthly cost will then be deducted beginning on the sixth Monthly Anniversary after the date of birth or adoption. If the required notice is not given, insurance on that Child will terminate on that sixth Monthly Anniversary.