Common use of Distribution Rules Clause in Contracts

Distribution Rules. If Annuitant Dies Before Annuity Commencement Date If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner (or the Grantor if the Owner is a Grantor Trust, or the Underlying XXX xxxxxx if the Owner is the Custodian or Trustee of an IRA account) will become the Annuitant. If an Owner Dies Before Annuity Commencement Date If an Owner dies before the Annuity Commencement Date, and such Owner was not the Annuitant, the following provisions shall apply:

Distribution Rules. If Annuitant Dies Before Annuity Commencement Date If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner (or the Grantor if the Owner is a Grantor Trust, or the Underlying XXX xxxxxx if the IRA holxxx xx xxx Owner is the Custodian or Trustee of an IRA account) will become the Annuitant. ICC16-J100 10 If an Owner Dies Before Annuity Commencement Date If an Owner dies before the Annuity Commencement Date, and such Owner was not the Annuitant, the following provisions shall apply:

Distribution Rules. If Annuitant Dies Before Annuity Commencement Date If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner (or the Grantor if the Owner is a Grantor Trust, or the Underlying XXX xxxxxx if the IRA hxxxxx xx xhe Owner is the Custodian or Trustee of an IRA account) will become the Annuitant. If an Owner Dies Before Annuity Commencement Date If an Owner dies before the Annuity Commencement Date, and such Owner was not the Annuitant, the following provisions shall apply: