Common use of Election of Option Clause in Contracts

Election of Option. The following options are available to you during your lifetime. They are also available to the Beneficiary after your death, if you have not selected an option for such Beneficiary. You may elect to have the cash surrender Value, Contract Account Value or Death Benefit paid in accordance with any one of the options described below or in any other manner acceptable to us. If no election has been made, the automatic option shall be Option B. The amount paid under these options if fixed and dies not depend on the investment performance of the variable Account.

Election of Option. The following options are available to you during your lifetime. They are also available to the Beneficiary after your death, if you have not selected an option for such Beneficiary. You may elect to have the cash surrender Cash Surrender Value, Contract Account Value or Death Benefit paid in accordance with any one of the options described below or in any other manner acceptable to usus and permissible under applicable law. If no election has been made, the automatic option shall will be Option B. The amount paid under these options if is fixed and dies does not depend on the investment performance of the variable Variable Account.

Election of Option. The following options are available to you during your lifetime. They are also available to the Beneficiary after your death, if you have not selected an option for such Beneficiary. You may elect to have the cash surrender Cash Surrender Value, Contract Account Value or Death Benefit death benefit paid in accordance with any one of the options described below or in any other manner acceptable to usus and permissible under applicable law. If no election has been made, the automatic option shall be Option B. The amount paid under these options if is fixed and dies does not depend on the investment performance of the variable Variable Account.