Life · Chapter 6 · Special Situations
Common Disaster Provision (Survivorship Clause)
Definition
Adds a time-delay: the primary beneficiary must outlive the insured by a stated period (typically 14–30 days) to collect. If both die within the period, proceeds go to the contingent beneficiary — keeping them out of the primary's estate (avoiding probate, estate tax, and creditors).
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
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