Common use of DUE PROOF OF DEATH Clause in Contracts

DUE PROOF OF DEATH. A certified copy of a death certificate, an order of a court of competent jurisdiction, or any other proof, acceptable to Us. Funds - The securities which underlie Your Sub-Accounts. General Account - All of Our assets other than those allocated to the Separate Account. Internal Revenue Code - The United States Internal Revenue Code of 1986, as amended or any successor law. Internal Revenue Service - The United States Internal Revenue Service or any successor agency. Joint Annuitant - Upon annuitization, a person other than the Annuitant on whose continuation of life annuity payments may be made. The contract will have a Joint Annuitant only if the annuity settlement option selected provides for a survivor. The Joint Annuitant may not be changed. Payee - The person, designated by You, to whom annuity payments will be made. Premium Tax - The amount of tax, if any, charged by a federal, state, or other governmental entity on premium payments or Contract Values. On any contract subject to a Premium Tax, We may deduct the tax at the time We pay the tax to the applicable taxing authorities, at the time the contract is surrendered or on the Annuity Commencement Date. If We deduct the tax after Your premium payments have been applied to the Accounts, the tax will be deducted from the Accounts on a pro-rata basis. Separate Account - An account that We established to separate the assets funding the variable benefits for this type of contract from Our other assets. The assets in the Separate Account are not chargeable with liabilities arising out of any other business We may conduct. The name of the Separate Account is shown on Page 3. Sub-Account - The subdivisions of the Separate Account which are used to allocate Your Contract Value among the corresponding Funds. Surrender Value - The Contract Value prior to the Annuity Commencement Date, less any applicable contingent deferred sales charges, Premium Taxes, and/or Annual Maintenance Fee. Valuation Day - Every day the New York Stock Exchange is open for trading. The value of the Separate Account is determined at the close of the New York Stock Exchange (generally 4:00 p.m. Eastern Time) on such days. Valuation Period - The period of time between the close of business on successive Valuation Days. We, Us, Our - The company referred to on the first page of this contract. You, Your - The Contract Owner(s). VA03-4/5 Page 5 Printed in U.S.A. B650R0.FRM

Appears in 7 contracts

Samples: Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Annuity Contract (Talcott Resolution Life & Annuity Insur Co Separate Account Three), Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account Seven)

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