Common use of Death of Owner During the Accumulation Period Clause in Contracts

Death of Owner During the Accumulation Period. During the Accumulation Period, the death benefit will be paid to your Beneficiary(ies) upon your death or the first death of a Joint Owner. If the Contract is owned by a non-natural person, the Annuitant will be deemed the Owner for purposes of determining the death benefit.

Death of Owner During the Accumulation Period. During the Accumulation Period, the The death benefit will be paid to your Beneficiary(ies) upon your death death, or the first death of a Joint Owner. If the Contract is owned by a non-natural person, the Annuitant will be deemed the Owner for purposes of in determining the death benefit. If there are Joint Owners, the age of the older Owner will be used to determine the death benefit.