Death of an Owner. If any Owner dies before the Maturity Date, the Contract Account Value (or if the deceased Owner is the Annuitant, the proceeds payable on the Annuitant's death) must be distributed to the Beneficiary within five years after the date of such death. If any Owner dies on or after the Maturity Date, any remaining payments must be distributed at least as rapidly as under the Payment Option in effect on the date of such death. These distribution requirements will be considered satisfied as to any portion of the proceeds:
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Samples: Providentmutual Variable Annuity Separate Account, Providentmutual Variable Annuity Separate Account, Provident Mutual Variable Annuity Separate Account
Death of an Owner. If any Owner dies before the Maturity Date, the Contract Account Value (or if the deceased Owner is the Annuitant, the proceeds payable on the Annuitant's death) must be distributed to the Beneficiary within five years after the date of such death. If any Owner dies on or after the Maturity Date, any remaining payments must be distributed at least as rapidly as under the Payment Option in effect on the date of such death. These distribution requirements will be considered satisfied as to any portion of the proceeds:
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