Common use of Distribution of Benefits Clause in Contracts

Distribution of Benefits. Benefits will be payable to an Owner of Benefits or a beneficiary under this contract as an annuity or in flexible income payments as described in Article IVA or in a single sum payment as described in Article IVB. Depending on Plan provisions, benefits may be payable at the request of the Owner of Benefits or because of a Plan Participant's

Appears in 2 contracts

Samples: Principal Mutual Life Insurance Company Separate Account B, Principal Mutual Life Insurance Company Separate Account B

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Distribution of Benefits. Benefits will be payable to an Owner of Benefits or a beneficiary under this contract as an annuity or in flexible income payments as described in Article IVA IVA, or in a single sum payment as described in Article IVB. Depending on Plan provisions, benefits may be payable at the request of the Owner of Benefits or because of a Plan Participant's

Appears in 2 contracts

Samples: Principal Mutual Life Insurance Company Separate Account B, Principal Mutual Life Insurance Company Separate Account B

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