One Comment on âFour Seasonsâ. [â¦] A season is a division of the year, marked by changes in weather, ecology, and hours of daylight. Seasons result from the yearly revolution of the Earth around the Sun and the tilt of the Earthâs axis relative to the plane of revolution.
Exclusion Clauses. Typically, a suicide exclusion clause states that the insurance company does not have to payout if an insured person commits suicide within two years of the purchase of a policy. If an insured person commits suicide after two years, the insurer usually has to make a payout.
Life insurance pays a death benefit to the stated beneficiary at the death of the insured. When the insured dies, the beneficiary of the policy files an insurance claim.ife Income. 1  Example: $100,000 death benefit-beneficiary (a 54-year-old male) elects the life income option. 2  Based on his life expectancy, the insurance company promises to pay the beneficiary $6,250 per year for life.