Common use of SUCCESSION OF BENEFICIARIES Clause in Contracts

SUCCESSION OF BENEFICIARIES. You may designate one or more beneficiaries to receive any Death Proceeds payable or any Annuity Income remaining payable upon an Annuitant's death. You will classify each beneficiary as primary or contingent. Upon the Annuitant's death, we will pay any proceeds or income payable as follows: Proceeds or income will be paid to the primary beneficiaries who are then alive. If no primary beneficiaries are living, proceeds or income will be paid to the surviving contingent beneficiaries. If no beneficiaries survive, any Death Proceeds payable or the present value of any Annuity Income remaining payable will be paid to you, if living, otherwise to your estate.

SUCCESSION OF BENEFICIARIES. You may designate one or more beneficiaries to receive any Death Proceeds payable or any Annuity Income remaining payable upon an Annuitant's death. You will classify each beneficiary as primary or contingent. Upon the Annuitant's death, we will pay any proceeds or income payable as follows: Proceeds or income will be paid to the primary beneficiaries who are then alive. If no primary beneficiaries are living, survive the Annuitant any proceeds or income payable. If none survive, we will be paid to pay the surviving contingent beneficiaries. If In the event no beneficiaries survivebeneficiary survives the Annuitant, any Death Proceeds payable or the present commuted value of any Annuity Income remaining payable will be paid to you, if living, otherwise to your the Annuitant's estate. Other designations or successions of beneficiaries may be arranged with us.

SUCCESSION OF BENEFICIARIES. You may designate one or more beneficiaries to receive any Death Proceeds payable or any Annuity Income remaining payable upon an the Annuitant's death. You will classify each beneficiary as primary or contingent. Upon the Annuitant's death, we will pay any proceeds or income payable as follows: Proceeds or income will be paid to the primary beneficiaries who are then alive. If no primary beneficiaries are living, survive the Annuitant any proceeds or income payable. If none survive, we will be paid to pay the surviving contingent beneficiaries. If In the event no beneficiaries survivebeneficiary survives the Annuitant, any Death Proceeds payable or the present commuted value of any Annuity Income remaining payable will be paid to you, if living, otherwise to your the Annuitant's estate. Other designations or successions of beneficiaries may be arranged with us.