Common use of TERMINATION PROVISION Clause in Contracts

TERMINATION PROVISION. This Contract terminates and all Contract benefits, including those provided by any endorsements, end on the earlier of: 1. the date You take a total withdrawal; 2. the date the Contract Value is zero or insufficient to pay Contract expenses; or 3. the date upon which the Company receives Due Proof of the Owner's (or any Joint Owner's) death and a Beneficiary's election of a death benefit in Good Order at its Service Center, unless the Contract is continued by the spouse under the Spousal Continuation Option.

Appears in 7 contracts

Samples: Jnlny Separate Account I, Jackson National Separate Account - I, Jackson National Separate Account - I

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TERMINATION PROVISION. This Contract terminates will terminate and all benefits under this Contract benefits, including those provided by any endorsements, end will cease on the earlier of: 1. the date You take of a total withdrawal; 2. the date the Separate Account Contract Value is falls to zero or insufficient to pay Contract expensesfor any reason; or 3. the date upon which the Company receives Due Proof of death of the Owner's Owner (or any Joint Owner's) death and a Beneficiary's an election of a death benefit the type of payment to the Beneficiary(ies) is received at our Service Center in Good Order at its Service CenterOrder, unless the Contract is continued by the spouse under the Spousal Continuation Option.

Appears in 3 contracts

Samples: Jnlny Separate Account I, Jnlny Separate Account I, Jackson National Separate Account - I

TERMINATION PROVISION. This Contract terminates will terminate and all benefits under this Contract benefits, including those provided by any endorsements, end will cease on the earlier of: 1. the date You take of a total withdrawal; 2. the date the Contract Value is falls to zero or insufficient to pay Contract expensesfor any reason; or 3. the date upon which the Company receives Due Proof of death of the Owner's Owner (or any Joint Owner's) death and a Beneficiary's an election of a death benefit the type of payment to the Beneficiary(ies) is received at our Service Center in Good Order at its Service CenterOrder, unless the Contract is continued by the spouse under the Spousal Continuation Option or the Special Spousal Continuation Option.

Appears in 2 contracts

Samples: Jackson National Separate Account - I, Jnlny Separate Account I

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TERMINATION PROVISION. This Contract terminates and all Contract benefits, including those provided by any endorsementsadd-on benefits unless otherwise specified in the add-on benefits, will end on the earlier of: 1. the date You take a total withdrawal; 2. the date the Contract Value is reduced to zero for any reason or is insufficient to pay Contract expensescharges; or 3. the date upon which the Company receives Due Proof of the Owner's Your (or any Joint Owner's) death and a Beneficiary's election receives all Beneficiaries' elections of a death benefit payment options in Good Order at its the Company's Service Center, unless the Contract is continued by the spouse under the Spousal Continuation Option.

Appears in 1 contract

Samples: Jnlny Separate Account I

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