Common use of Death of Annuitant Clause in Contracts

Death of Annuitant. If the Annuitant dies after Annuity Beneficiary: payments have begun, the death benefit, if any, will be payable to the Beneficiary as specified in the Annuity option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the or Annuitant's death. If the Contract Holder who is not the Annuitant dies after Annuity payments have begun, any remaining payments under the Annuity option elected will be made to the Beneficiary at least as rapidly as under the method of distribution in effect at the Contract Holder's death. If the Contract is held by joint Contract Holders, the survivor will be deemed the designated Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary. Aetna will require proof of death.

Appears in 4 contracts

Samples: VOYA RETIREMENT INSURANCE & ANNUITY Co, VOYA RETIREMENT INSURANCE & ANNUITY Co, Aetna Life Insurance & Annuity Co /Ct

AutoNDA by SimpleDocs

Death of Annuitant. If the Annuitant dies after Annuity Beneficiary: payments have begun, the death benefit, if any, will be payable to the Beneficiary as specified in the Annuity option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the or Annuitant's death. If the Contract Certificate Holder who is not the Annuitant dies after Annuity payments have begun, any remaining payments under the Annuity option elected will be made to the Beneficiary at least as rapidly as under the method of distribution in effect at the Contract Certificate Holder's death. If the Contract Account is held by joint Contract Certificate Holders, the survivor will be deemed the designated Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary. Aetna will require proof of death.

Appears in 2 contracts

Samples: Aetna Insurance Co of America, Aetna Insurance Co of America

Death of Annuitant. If the Annuitant dies after Annuity Beneficiary: payments have begun, the death benefit, if any, will be payable to the Beneficiary as specified in the Annuity option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the or Annuitant's death. If the Contract Certificate Holder who is not the Annuitant dies after Annuity payments have begun, any remaining payments under the Annuity option elected will be made to the Beneficiary at least as rapidly as under the method of distribution in effect at the Contract Certificate Holder's death. If the Contract Account is held by joint Contract Certificate Holders, the survivor will be deemed the designated Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary. Aetna will require proof of death.. 4.04

Appears in 1 contract

Samples: VOYA RETIREMENT INSURANCE & ANNUITY Co

AutoNDA by SimpleDocs

Death of Annuitant. If the Annuitant dies after Annuity Beneficiary: payments have begun, the death benefit, if any, will be payable to the Beneficiary as specified in the Annuity option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the or Annuitant's death. Beneficiary: If the Contract Certificate Holder who is not the Annuitant dies after Annuity payments have begun, any remaining payments under the Annuity option elected will be made to the Beneficiary at least as rapidly as under the method of distribution in effect at the Contract Certificate Holder's death. If the Contract Account is held by joint Contract Certificate Holders, the survivor will be deemed the designated Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary. Aetna will require proof of death.

Appears in 1 contract

Samples: VOYA RETIREMENT INSURANCE & ANNUITY Co

Time is Money Join Law Insider Premium to draft better contracts faster.