Distribution Rules. In the event of an Owner's death prior to the Annuity Start Date, the entire Death Benefit shall be paid within 5 years after the death of the Owner, except as provided below. In the event that the Beneficiary elects an Annuity Option, the length of time for payment of the benefit may be longer than 5 years if:
Appears in 3 contracts
Sources: Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account A), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account A)