Further Payees Sample Clauses
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - in equal shares to the further payees who survive and receive payment; or - if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitant.
Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In equal shares to the further payees who survive and receive payment; or - If no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.
Further Payees. If no direct or contingent beneficiary survives and receives payment of the entire Life Insurance Benefit, then the remaining Life Insurance Benefit will be paid as a lump sum in equal shares to the further payees, if any, who survive and receive payment.
Further Payees. First Middle Initial Last Relationship to Insured --------------------------------------------------------------- First Middle Initial Last Relationship to Insured |_| D. SEE ATTACHED SUPPLEMENT FORM (To be used in place of designations above) ================================================================================
Further Payees. If the direct and contingent beneficiaries do not survive and receive payment of the entire Life Insurance Benefit, then the unpaid portion will be paid in one sum: