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

DEATH OF ANNUITANT DURING THE ACCUMULATION PERIOD. If the Annuitant dies before the Annuity Date, the Co-Annuitant, if applicable, becomes the Annuitant. If there is no surviving Co-Annuitant, and the Annuitant was not the Owner, the Owner becomes the Annuitant. You have the right to name a new Annuitant within 60 days. If the Owner is a non-natural person, the death of the Annuitant will be treated as the death of the Owner, a new Annuitant may not be designated, and the Annuitant will be deemed to be the Owner for purposes of determining the death benefit.

Appears in 5 contracts

Samples: Pruco Life Insurance Co, Pruco Life Insurance Co, Pruco Life Inurance Co of New Jersey FLXBL Prmium Var Ann Ac

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