Common use of Owner Death Clause in Contracts

Owner Death. If the deceased Owner is also the Annuitant, Subsection C.I. “Annuitant Death” above applies. If an Owner or joint Owner who is not an Annuitant dies prior to the Annuity Commencement Date and before the entire interest in the policy is distributed, the successor Owner as defined below will become the new Owner, and no death proceeds are payable. The person or entity first listed below who is alive or in existence on the date of that death will become the successor Owner:

Appears in 2 contracts

Samples: Entire Contract (Separate Account Va N), Entire Contract (Separate Account VA QQ)

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Owner Death. If the deceased Owner owner is also the Annuitant, Subsection C.I. "Annuitant Death" above applies. If an Owner owner or joint Owner owner who is not an Annuitant dies prior to the Annuity Commencement Date and before the entire interest in the policy is distributed, the successor Owner owner as defined below will become the new Ownerowner, and no death proceeds are payable. The person or entity first listed below who is alive or in existence on the date of that death will become the successor Ownerowner:

Appears in 1 contract

Samples: Separate Account Va Qny

Owner Death. If the deceased Owner is also the Annuitant, Annuitant Subsection C.I. “Annuitant Death” above applies. If an Owner or joint Owner who is not an Annuitant dies prior to the Annuity Commencement Date and before the entire interest in the policy is distributed, the successor Owner as defined below will become the new Owner, and no death proceeds are payable. The person or entity first listed below who is alive or in existence on the date of that death will become the successor Owner:

Appears in 1 contract

Samples: Separate Account VA PP

Owner Death. If the deceased Owner owner is also the Annuitantannuitant, Subsection C.I. “Annuitant Death” above applies. If an Owner owner or joint Owner owner who is not an Annuitant annuitant dies prior to the Annuity Commencement Date annuity commencement date and before the entire interest in the policy is distributed, the successor Owner owner as defined below will become the new Ownerowner, and no death proceeds are payable. The person or entity first listed below who is alive or in existence on the date of that death will become the successor Ownerowner:

Appears in 1 contract

Samples: TFLIC Separate Account VNY

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Owner Death. If the deceased Owner is also the Annuitant, Subsection C.I. Cl. “Annuitant Death” above applies. If an Owner or joint Owner who is not an Annuitant dies prior to the Annuity Commencement Date and before the entire interest in the policy is distributed, the successor Owner as defined below will become the new Owner, and no death proceeds are payable. The person or entity first listed below who is alive or in existence on the date of that death will become the successor Owner:

Appears in 1 contract

Samples: Entire Contract (Separate Account VA QQ)

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