Death of an Owner. If an Owner dies before the Annuity Date while this Contract is in force, we will pay the death benefit to the Beneficiary. If an Owner dies on or after the Annuity Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Option in effect at the time of the Owner’s death.
Appears in 16 contracts
Samples: Protective Life Insurance (Protective Life Insurance Co), PLAIC Variable Annuity Account S, PLAIC Variable Annuity Account S
Death of an Owner. If an Owner dies before the Annuity Commencement Date and while this Contract is in force, we will pay the death benefit to the Beneficiary. If an Owner dies on or after the Annuity Commencement Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Option in effect at the time of the Owner’s 's death.
Appears in 7 contracts
Samples: Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account
Death of an Owner. If an any Owner dies before the Annuity Commencement Date and while this Contract is in force, we will pay the death benefit benefit, less any applicable premium tax, to the Beneficiary. If an any Owner dies on or after the Annuity Commencement Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Option in effect at the time of the Owner’s 's death.
Appears in 3 contracts
Samples: Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account, Variable Annuity Account a of Protective Life
Death of an Owner. If an Owner dies before the Annuity Commencement Date and while this Contract is in force, we will pay the death benefit to the Beneficiary. If an Owner dies on or after the Annuity Commencement Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Option in effect at the time of the Owner’s death.
Appears in 2 contracts
Samples: Variable Annuity Account a of Protective Life, Variable Annuity Account a of Protective Life
Death of an Owner. If an Owner dies before the Annuity Date while this Contract is in force, we will pay the death benefit to the Beneficiary. If an Owner dies on or after the Annuity Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Option in effect at the time of the Owner’s 's death. Death of the Annuitant – If the Annuitant is not an Owner and dies prior to the Annuity Date, Owner 1 will become the new Annuitant unless you designate otherwise. If any Owner is not an individual, we will treat the death of the Annuitant as the death of an Owner.
Appears in 2 contracts
Samples: Sep Ira Agreement, Sep Ira Agreement
Death of an Owner. If an Owner dies before the Annuity Date while this Contract is in force, we will pay the death benefit to the Beneficiary. If an Owner dies on or after the Annuity Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Option in effect at the time of the Owner’s 's death. Death of the Annuitant – If the Annuitant is not an Owner and dies prior to the Annuity Date, the Primary Owner will become the new Annuitant unless you designate otherwise. If any Owner is not an individual, we will treat the death of an Annuitant as the death of an Owner.
Appears in 1 contract
Samples: Sep Ira Agreement
