Death of an Owner. Upon the death of any Owner, ownership of this contract prior to the full distribution of the death benefit proceeds will pass as follows: • any surviving Owner; if none then • any Primary Beneficiary; if none then • any surviving Contingent Beneficiary; if none then • the estate of the last surviving Owner. Upon the death of the Annuitant if the Owner is a Non-Natural Owner, the Non-Natural Owner will retain ownership of this contract prior to the full distribution of the death benefit proceeds. Upon the death of a joint Owner, any surviving Owner will be treated as the sole Primary Beneficiary.
Appears in 7 contracts
Samples: Guardian Separate Account R, Guardian Separate Account R, Guardian Separate Account R
