Death Benefit Annuity Sample Clauses

Death Benefit Annuity. A Participant-Owner may direct that all or part of any death benefit payable before the Annuity Date be paid to the Beneficiary under one or more of the Annuity Options provided in this contract. If a Participant-Owner dies before the Annuity Date without specifying an Annuity Option for the Beneficiary, the Beneficiary may choose an option. A corporate or fiduciary Beneficiary may choose only Option V.