英语词汇“delayed payment clause”的翻译、意思、用法、释义-英汉经管词典

单词	delayed payment clause
释义	delayed payment clause Definition A clause within life insurance, stating that payout of benefits to the beneficiary will be delayed for a set amount of time after the insured's death. If the primary beneficiary is deceased at the end of this time period, the benefits will be paid to contingent beneficiaries or the deceased's estate. This clause is often used in the case of a common disaster where the insured and the beneficiary are both killed.
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