Common use of Incidental Death Benefit Clause in Contracts

Incidental Death Benefit. (a)Section 50.3(a)(7) of Regulation No. 47 permits a separate account annuity contract to provide, as an incidental benefit, for the payment of a death benefit in the event of death prior to the annuity commencement date. The amount of such death benefit shall not exceed the greater of (i) or (ii): The accumulated value of the contract, or The aggregate amount of stipulated payments or employee contributions, whichever is applicable, made under the contract prior to the time of death (i.e. return of premium).

Incidental Death Benefit. (a)Section 50.3(a)(7a) Section 50.3(a)(8) of Regulation No. 47 permits a separate account annuity contract to provide, as an incidental benefit, for the payment of a death benefit in the event of death prior to the annuity commencement date. The amount of such death benefit shall not exceed the greater of (i) or (ii): The accumulated value of the contract, or The aggregate amount of stipulated payments or employee contributions, whichever is applicable, made under the contract prior to the time of death (i.e. return of premium).of:

Incidental Death Benefit. (a)Section 50.3(a)(7) of Regulation No. 47 permits a separate account annuity contract to provide, as an incidental benefit, for the payment of a death benefit in the event of death prior to the annuity commencement date. The amount of such death benefit shall not exceed the greater of (i) or (ii): The accumulated value of the contract, or The aggregate amount of stipulated payments or employee contributions, whichever is applicable, made under the contract prior to the time of death (i.e. return of premium).of:

Incidental Death Benefit. (a)Section a) Section 50.3(a)(7) of Regulation No. 47 permits a separate account annuity contract to provide, as an incidental benefit, for the payment of a death benefit in the event of death prior to the annuity commencement date. The amount of such death benefit shall not exceed the greater of (i) or (ii): The accumulated value of the contract, or The aggregate amount of stipulated payments or employee contributions, whichever is applicable, made under the contract prior to the time of death (i.e. return of premium).of: