Right to Impose. American ▇▇▇▇▇▇▇▇ reserves the right to impose additional charges or establish reserves for any federal, state or local taxes incurred or that may be incurred by American ▇▇▇▇▇▇▇▇, and that may be deemed attributable to the Contracts. DEATH BENEFIT Death Benefit If the Annuitant dies before the Annuity Commencement Date, and is survived by a Contingent Annuitant, the Contract will be continued with the Contingent Annuitant being named the Annuitant. If this is a Non-Qualified Contract, this Contract may qualify for continuation under the "Distribution of Death Benefit under Non-Qualified Contracts" provision. Otherwise, American ▇▇▇▇▇▇▇▇ will pay the death benefit to the Beneficiary if one of the following dies prior to the Annuity Commencement Date:
Appears in 2 contracts
Sources: Annuity Contract (Separate Account Va 1 of the American Franklin Life Ins Co), Annuity Contract (Separate Account Va 1 of the American Franklin Life Ins Co)