Common use of FULL CASH REFUND ANNUITY Clause in Contracts

FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the Owner’s lifetime. Upon the Owner’s death, a single sum payment equal to: (a) the Account Value on the Annuity Commencement Date; less (b) the total of all monthly payments made to the Owner since the Annuity Commencement Date shall be paid to the Beneficiary. When a Beneficiary is receiving payments upon the death of the Owner or a joint annuitant under either (B) or (D) above, and the Beneficiary subsequently dies, the Commuted Value of any unpaid amount shall be paid in one single sum to an individual or entity that was designated to receive such unpaid amount by such Beneficiary. If no such individual or entity was designated, or if the designated individual does not survive the Beneficiary, such single sum amount shall be paid to the Beneficiary’s estate.

FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the OwnerParticipant’s lifetime. Upon the OwnerParticipant’s death, a single sum payment equal to: (a) the Account Value on the Annuity Commencement Date; less (b) the total of all monthly payments made to the Owner Participant since the Annuity Commencement Date shall be paid to the Beneficiary. When a Beneficiary is receiving payments upon the death of the Owner or a joint annuitant Participant under either (B) or (D) above, and the Beneficiary subsequently dies, the Commuted Value of any unpaid amount shall be paid in one single sum to an individual or entity that was designated to receive such unpaid amount by such the Beneficiary. If no such individual or entity was designated, or if the designated individual does not survive the Beneficiary, such single sum amount shall be paid to the Beneficiary’s estate.

FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the Owner’s your lifetime. Upon the Owner’s your death, a single sum payment equal to: to (a) the Account Value on the Annuity Commencement Date; , less (b) the total of all monthly payments made to the Owner you since the Annuity Commencement Date shall be paid to the Beneficiary. When a Beneficiary is receiving payments upon the death of the Owner a Participant or a joint annuitant under either (B) or (D) above, and the Beneficiary subsequently dies, the Commuted Value of any unpaid amount remaining payments shall be paid in one single sum to an individual or entity that was designated to receive such unpaid amount remaining payments by such the Beneficiary. If no such individual or entity was designated, or if the designated individual does not survive the Beneficiary, such single sum amount shall be paid to the Beneficiary’s estate.

FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the OwnerParticipant’s lifetime. Upon the OwnerParticipant’s death, a single sum payment equal to: (a) the Account Value on the Annuity Commencement Date; less (b) the total of all monthly payments made to the Owner Participant since the Annuity Commencement Date shall be paid to the Beneficiary. When a Beneficiary is receiving payments upon the death of the Owner or a Participant and joint annuitant under either (B) or (D) above, and the Beneficiary subsequently dies, the Commuted Value of any unpaid amount shall be paid in one single sum to an individual or entity that was designated to receive such unpaid amount by such Beneficiary. If no such individual or entity was designated, or if the designated individual does not survive the Beneficiary, such single sum amount shall be paid to the Beneficiary’s estate.

FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the OwnerParticipant’s lifetime. Upon the OwnerParticipant’s death, a single sum payment equal to: to (a) the Account Value on the Annuity Commencement Date; , less (b) the total of all monthly payments made to the Owner Participant since the Annuity Commencement Date shall be paid to the Beneficiary. When a Beneficiary is receiving payments upon the death of the Owner a Participant or a joint annuitant under either (B) or (D) above, and the Beneficiary subsequently dies, the Commuted Value of any unpaid amount remaining payments shall be paid in one single sum to an individual or entity that was designated to receive such unpaid amount remaining payments by such the Beneficiary. If no such individual or entity was designated, or if the designated individual does not survive the Beneficiary, such single sum amount shall be paid to the Beneficiary’s estate.