Death of. A PAYEE If a Payee dies while receiving Income Payments, the Company will make any required Income Payments to the Owner or the successor Owner as set forth in the Rights of Succession (Article 6, section 6.01), pending instructions to make payments to a new Payee.
Appears in 4 contracts
Sources: Single Premium Immediate Variable Annuity Contract (Usl Separate Account Usl Va-R), Single Premium Immediate Variable Annuity Contract (Usl Separate Account Usl Va-R), Single Premium Immediate Variable Annuity Contract (Usl Separate Account Usl Va-R)