Common use of Death of Annuitant Clause in Contracts

Death of Annuitant. (a) Certificate Holder is Annuitant: When Beneficiary: the Certificate Holder is the Annuitant and the Annuitant dies under option 1 or 2, or both the Annuitant and the second Annuitant die under option 3(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 has been elected and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder's, the surviving joint Certificate Holder will be deemed the successor payee.

Death of Annuitant. (a) Certificate Holder is Annuitant: When the Beneficiary: the Certificate Holder is the Annuitant Annuitant's and the Annuitant dies under option 1 or 2, or both the Annuitant and the second Annuitant die under option 3(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 has been elected and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder'sHolders, the surviving joint Certificate Holder will be deemed the successor payee.

Death of Annuitant. (a) Certificate Holder is Annuitant: When Beneficiary: When the Certificate Holder is the Annuitant and the Annuitant dies under option 1 2 or 23, or both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 4 has been elected and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder's, the surviving joint Certificate Holder will be deemed the successor payee.

Death of Annuitant. (a) Certificate Holder is Annuitant: When the Beneficiary: the Certificate Holder is the Annuitant and the Annuitant dies under option 1 2 or 23, or both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 4 has been elected and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder'sHolders, the surviving joint Certificate Holder will be deemed the successor payee.

Death of Annuitant. (a) Certificate Holder is Annuitant: When Beneficiary: the Certificate Holder is the Annuitant and the Annuitant dies under option 1 2 or 23, or both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 4 has been elected and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder'sHolders, the surviving joint Certificate Holder will be deemed the successor payee.

Death of Annuitant. (a) Certificate Holder is Annuitant: BENEFICIARY: When Beneficiary: the Certificate Holder is the Annuitant and the Annuitant dies under option 1 2 or 23, or both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 4 has been elected and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder'sHolders, the surviving joint Certificate Holder will be deemed the successor payee.