Provision for issue definition
Provision for issue means that if a Beneficiary does not survive the Insured, the share of that Beneficiary will be taken by his or her living issue by right of representation; and
Provision for issue means that if a Beneficiary does not survive the Insured, the share of the Policy Proceeds for that Beneficiary will go to his or her living issue by right of representation; and
Provision for issue means that if a Beneficiary does not survive both Insureds, the share of that Beneficiary will be taken by his or her living issue by right of representation; and
More Definitions of Provision for issue
Provision for issue means that if a beneficiary does not survive the Owner or Annuitant, the share of that beneficiary will be taken by his or her living issue by right of representation; and A family relation such as "wife", "husband", or "child" means the relationship to the: Owner, for an Owner's Beneficiary; and Annuitant, for ▇▇ ▇▇▇▇▇tant's Beneficiary. At the time for payment of any proceeds, the Company can rely on an affidavit of any Owner or other responsible person to determine family relations or members of a class. EVA-91100 -21- SURRENDER PROVISIONS CASH SURRENDER You may surrender this Contract for the Cash Surrender Value at any time prior to the Annuity Date by Written Request. The Cash Surrender Value will be paid in a single sum unless applied to an Annuity Income Option. CASH SURRENDER VALUE The Cash Surrender Value is the Contract Value on the date the Company receives your request for surrender, less any surrender charge, less any pro-rata Maintenance Charge and less any applicable charges for taxes. PARTIAL WITHDRAWALS You may withdraw part of the Cash Surrender Value at any time during the Accumulation Period by Written Request. The request for a partial withdrawal will be effective as of the date the Written Request is received by the Company. The partial withdrawal may not be less than $500. On the date of withdrawal, the amount withdrawn plus any surrender charge will be subtracted from the Death Benefit and the Contract Value. The Company will deduct the amount withdrawn plus any surrender charge from the Variable Account. If the total amount exceeds your Variable Account Contract Value, the excess will be deducted from the Guaranteed Account. Unless you request otherwise, the amount deducted from the Variable Account will be allocated to the Subaccounts of the Variable Account in the same proportion as the value in each bears to the Variable Account Contract Value on the date of the partial withdrawal. The maximum withdrawal allowed will be an amount that, along with the appropriate surrender charges, will not reduce the Contract Value to less than $2,500. AMOUNTS EXEMPT FROM SURRENDER CHARGE During each of the first five contract years, you may withdraw up to the Exempt Withdrawal Amount without incurring a surrender charge. The Exempt Withdrawal Amount equals: (A) 10% of Remaining Purchase Payments; LESS
Provision for issue means that if a Beneficiary is not living when Death Proceeds are paid, the share of that Beneficiary will be taken by his or her living issue by right of representation; and . A family relation such as "wife", "husband", or "child" means the relation to the Annuitant At the time for payment of benefits the Company can rely on an affidavit of any Owner or other responsible person to determine family relations or members of a class.
Provision for issue means that if a Beneficiary does not survive the Insured, the share of that Beneficiary will be taken by his or her living issue by right of representation; and . A family relation such as "wife", "husband" or "child" means the relation to the Insured. At the time for payment of benefits the Company can rely on an affidavit of any Owner or other responsible person to determine family relations or members of a class. 18. PAYMENT OF BENEFITS PAYMENT The policy proceeds will be paid in one sum, unless all or part of the proceeds are applied to a Payment Option. (See Section
Provision for issue means that if a Beneficiary does not survive the Annuitant, the share of that Beneficiary will be taken by his or her living issue by right of representation; and
Provision for issue means that if a named Beneficiary does not survive the Insured, the share of the Policy Proceeds for that Beneficiary will go to that Beneficiary’s living issue by right of representation.