Common use of Further Payees Clause in Contracts

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 of 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, proceeds 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 of the direct and contingent beneficiaries who survive the AnnuitantInsured.

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 an income 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 Beneficiaries. Present value will be based on the Annuitantrate of interest used to determine the amount of payments.

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 o In equal shares to the further payees who survive and receive payment; or - if o If no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitantbeneficiaries.

Further Payees. At the death of all of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amountsproceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - o 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.or

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 of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amountsproceeds, 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 of the direct and contingent beneficiaries. OWNER OR HIS ESTATE. If no beneficiaries who survive are alive when the AnnuitantInsured dies, the proceeds will be paid to the Owner or to his estate.

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 or the last to die of all beneficiaries who survive the Annuitant.