Common use of Death Benefit Options Clause in Contracts

Death Benefit Options. (3) If no Beneficiary exists, a lump sum Available to Beneficiary payment equal to the Surrender Value must (Cont'd): be made to the Certificate Holder's estate within five years of the date of death.

Appears in 4 contracts

Sources: Insurance Contract (Variable Annuity Account I of Aetna Insurance Co of America), Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)