Common use of DEATH OF ANNUITANT DURING THE ACCUMULATION PERIOD Clause in Contracts

DEATH OF ANNUITANT DURING THE ACCUMULATION PERIOD. Upon the death of the Annuitant, who is not the Owner or Joint Owner, during the Accumulation Period, unless the Owner (subject to our underwriting rules in effect at the time) chooses a new Annuitant, the Owner (or oldest Joint Owner) automatically becomes the new Annuitant. If the Owner is a non-natural person, the death of the Annuitant will be treated as the death of the Owner.

DEATH OF ANNUITANT DURING THE ACCUMULATION PERIOD. Upon the death of the Annuitantan Xxxxxxxxx, who is not the Owner or Joint Owner, during the Accumulation Period, unless the Owner (subject to our underwriting rules in effect at the time) chooses a new Annuitant, the Owner (or oldest Oldest Joint Owner) automatically becomes the Annuitant, unless the Owner chooses a new Annuitant, subject to the maximum specified age in effect at the time of the request. If the Owner is a non-natural person, the death of the Annuitant will be treated as the death of an Owner, and a new Annuitant may not be named. (See “Death of Owner During the OwnerAccumulation Period” above).