DEATH BENEFIT PROVISIONS. Death Benefit — A death benefit will be payable only if the sole surviving Annuitant or any Owner dies before the Annuity Date and while this Contract is in force. The proceeds of any death benefit will be payable upon receipt of, in a form satisfactory to us, proof of death and instructions regarding payment of the death benefit proceeds (the “Notice Date”). Such proceeds will equal the Death Benefit Amount reduced by any: • Contract Debt; and • charges for premium taxes and/or other taxes, if proceeds are used to purchase an Annuity Option from us. These proceeds may be payable in a lump sum, as periodic payments under an Annuity Option available under this Contract, towards the purchase of any other Annuity Option we then offer, or in accordance with the Code (see Death of Owner Distribution Rules). If there are multiple Beneficiaries, the Death Benefit Amount will be calculated when we first receive proof of death and instructions, in proper form, from any Beneficiary. Any Death Benefit Amount still remaining to be paid to any other Beneficiary will fluctuate with the performance of the underlying Investment Options.
DEATH BENEFIT PROVISIONS. If the Insured dies while this Policy is in force, we will pay the Insurance Proceeds to the Beneficiary when we receive: (1) proof that the Insured died before the Final Policy Date; and (2) all other requirements deemed necessary to make payment.
DEATH BENEFIT PROVISIONS. 8 Definitions ............................................ 6
DEATH BENEFIT PROVISIONS. 21 Income Provisions 25 Termination Provisions 28] If You have questions about this Contract or require information about coverage or complaint resolutions, You may contact the Company's Customer Care Center identified on the Contract's cover page.
DEATH BENEFIT PROVISIONS. Death Benefit - A death benefit will be payable if the sole surviving Annuitant or any Owner dies before the Annuity Date and while this Contract is in force. The proceeds of any death benefit will be payable upon receipt of, in a form satisfactory to us, proof of death and instructions regarding payment of the death benefit proceeds. Such proceeds will equal the Death Benefit Amount reduced by any: . Contract Debt; and . charges for premium taxes and/or other taxes. These proceeds will be payable in a lump sum, as an Annuity Option under this Contract or towards the purchase of any Annuity Option we then offer, or in accordance with the Code (see Death of Owner Distribution Rules).
DEATH BENEFIT PROVISIONS. 10 Section 7 SURRENDERS AND PARTIAL WITHDRAWALS ................................................... 11
DEATH BENEFIT PROVISIONS. DEATH OF ANNUITANT If the Annuitant is not an Owner and the Annuitant PRIOR TO THE ANNUITY DATE dies before the Annuity Date, you must designate a new Annuitant. If no designation is made within 30 days after we are notified of the Annuitant's death, you will become the Annuitant. If this Contract is owned by a non-natural person (for example, a corporation or trust), the death of the Annuitant will be treated as the death of the Owner. In this case, all references to "Owner" and "joint Owner" in these provisions are replaced by "Annuitant" and "joint Annuitant". DEATH OF OWNER If any Owner dies before the Annuity Date, we will PRIOR TO THE ANNUITY DATE pay a death benefit to the: - surviving Owner or joint Owner; or if there is no surviving Owner or joint Owner or if the Owner is a non-natural person, then - surviving primary Beneficiary(ies); or if none, then - surviving contingent Beneficiary(ies); or if none, then - the estate of the last Owner to die. If the death benefit is payable to the Owner's spouse, the spouse will have the option to continue the Contract and will then be the Owner of the Contract.
DEATH BENEFIT PROVISIONS. If the Owner or joint Owner dies before the Annuity Date, we will pay the Death Benefit to the Beneficiary. If the Owner is a non-natural person, then the death of the Annuitant, rather than the Owner, will trigger payment of the Death Benefit.
DEATH BENEFIT PROVISIONS. Amount Payable The amount payable upon death is the Contract Upon Death Value as of the end of the Valuation Period following Our receipt of due proof of death, the return of this contract, and such other information We may require to process the death benefit. Payment of Death Benefits A death benefit will be paid to the beneficiary During Accumulation Period upon the death of the Owner. Upon the death of a joint Owner during the accumulation period, a death benefit will be paid to the surviving joint Owner. If the Contract Owner is a non-natural person, a death benefit will be paid to the beneficiary upon the death of an Annuitant prior to the Annuity Date. We will pay the death benefit to the beneficiary after We receive due proof of death, the return of this contract, and such other information we may require to process the death benefit. We will then have no further obligation under this contract. The entire interest in this contract must be distributed within five years from the date of death unless it is applied under an Annuity option or the spouse continues this contract as described below. The beneficiary may elect to have the death benefit distributed as stated in the Annuity Period Provisions Option 1 provided the beneficiary's life expectancy is not less than 10 years; or Options 2 or 3 as described in the Annuity Period Provisions of this contract, based on the life expectancy of the beneficiary as prescribed by federal regulations unless You have restricted the right to make such an election. The beneficiary must make this choice within 60 days of the time We receive due proof of death, and distributions must commence within one year of the death of death. If the beneficiary is a non-natural person, the beneficiary must elect that the entire death benefit be distributed within five years after the date of death. Spousal Continuation If this contract was issued as a Nonqualified Plan Contract or an Individual Retirement Annuity ("IRA") and Your spouse is the primary beneficiary when You die before the Annuity Date, Your spouse may elect to be the successor Owner of this contract. This is known as a Spousal Continuation. No more than one Spousal Continuation is available under this contract. Upon Spousal Continuation, Your surviving spouse waives claim to the death benefit otherwise payable; therefore, no death benefit will be payable upon Your death. Electing to continue this contract under the Spousal Continuation provision of this contract ...
DEATH BENEFIT PROVISIONS. Death Proceeds - The Death Proceeds under this Contract are the greater of:
