DEATH OF THE OWNER. If an Owner dies before the Annuity Date and there is a surviving Joint Owner, a Death Benefit is payable to the surviving Joint Owner. If an Owner dies prior to the Annuity Date and there is no surviving Joint Owner, a Death Benefit is payable to the Beneficiary. Unless the Owner and Joint Owner(if any) have previously designated a payment option, the Beneficiary must elect one of the Death Benefit payment options below. The value of the Death Benefit will be determined as of the date We receive proof of death in a form acceptable to Us. We will pay the Death Benefit equal to the greater of:
DEATH OF THE OWNER. If the Owner is the Annuitant and dies after the Annuitization Start Date, payments cease for lifetime only payment plans. Payments continue to the Owner's beneficiaries for the remainder of any guarantee period or for the lifetime of a surviving joint Annuitant, if any. If the Owner is not the Annuitant and dies after the Annuitization Start Date, payments continue to the beneficiaries according to the payment plan in effect. DEATH OF THE ANNUITANT OR OF A BENEFICIARY RECEIVING PAYMENTS UNDER AN ANNUITY PAYMENT PLAN: If the Owner is not the Annuitant and the Annuitant dies after the Annuitization Start Date, payments cease for lifetime payment plans. Payments continue to the Owner for the remainder of any guarantee period or for the lifetime of a surviving joint Annuitant, if any. If a beneficiary elects an annuity payment plan as provided under the Payment Options provision above and dies after payments begin, payments continue to beneficiaries named by the deceased beneficiary as provided under the Change of Beneficiary provision for the remainder of any guarantee period. In any event, amounts remaining payable must be paid at least as rapidly as payments were being made at the time of such death. PURCHASE PAYMENTS Purchase payments are the payments You make for this contract and the benefits it provides. Purchase payments must be paid or mailed to Us at Our corporate office or to an authorized agent. If requested, We'll give You a receipt for Your purchase payments.
DEATH OF THE OWNER. If the Owner is the Annuitant and dies after the Annuitization Start Date, payments cease for lifetime only payment plans. Payments continue to the Owner’s beneficiaries for the remainder of any guaranteed period or for the lifetime of a surviving joint Annuitant, if any. If the Owner is not the Annuitant and dies after the Annuitization Start Date, payments continue to the surviving Owner, if any, or the beneficiaries according to the payment plan in effect.
DEATH OF THE OWNER. If you die before the annuity date and the beneficiary is your surviving spouse: Your surviving spouse will become the new owner. The policy will continue with its terms unchanged and your spouse will assume all rights as its owner. Within 120 days of your death, your spouse may elect to receive the death proceeds or withdraw any of the contract value without any early withdrawal penalty. If you die before the annuity date and the beneficiary is not your surviving spouse: The death proceeds will be paid to the beneficiary in a lump sum no later than 120 days after your death, unless the beneficiary elects to have this value applied under a settlement option. If a settlement option is elected, the beneficiary must be named the annuitant and payments must begin within one year of your death. The option also must have payments which are payable over the life of the beneficiary or over a period which does not extend beyond the life expectancy of the beneficiary. Any amount payable hereunder will not be less than the minimum required by the law of the state where this policy is delivered. Death of the Annuitant If the annuitant dies before the annuity date and the annuitant is not also the owner, then:
DEATH OF THE OWNER. If the Owner dies before the Maturity Date and while this Contract is in force, we will pay the death benefit to the Beneficiary. If the Owner dies on or after the Maturity Date, the Beneficiary will become the new Owner and remaining payments must be distributed at least as rapidly as under the Annuity Income Option in effect at the time of the Owner’s death. L-8025 (Iowa)
DEATH OF THE OWNER. Distribution to be made in a manner consistent with the Death of Owner provisions of this Contract.
DEATH OF THE OWNER. If you die before the Annuity Payout Date, and before the death of the Annuitant and there is no Joint Owner living at the time of your death, (or the Joint Owner is not your surviving spouse) either:
DEATH OF THE OWNER. If an Owner dies after the Annuitization Start Date, Annuity Payments continue to any surviving Owner, otherwise to the beneficiaries, according to the Annuity Payment plan in effect.
DEATH OF THE OWNER. If an Owner dies before the Annuity Date and there is a surviving Joint Owner, a Death Benefit is payable to the surviving Joint Owner. If an Owner dies prior to the Annuity Date and there is no surviving Joint Owner, a Death Benefit is payable to the Beneficiary. The value of the death benefit will be determined as of the date We receive proof of death in a form acceptable to Us. If there has been a change of Owner from one natural person to another natural person, the death benefit will be the Contract Value unless the change of ownership results from the election, made by a surviving spouse as designated Beneficiary to continue the certificate. Otherwise, We will pay the death benefit equal to the greatest of:
