Common use of Death of Annuitant Clause in Contracts

Death of Annuitant. Upon the death of an Xxxxxxxxx, who is not the Owner, during the Accumulation Period, the Owner automatically becomes the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not be designated. Upon the death of an Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 4 contracts

Samples: Jefferson National Life Annuity Account I, Jefferson National Life Annuity Account H, Jefferson National Life Annuity Account K

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Death of Annuitant. Upon the death of an XxxxxxxxxAnnuitant, who is not the Owner, during the Accumulation Periodaccumulation period, the Owner automatically becomes the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not be designated. Upon the death of an Annuitant during Annuitant, who is not the Annuity PeriodOwner, on or after the Retirement Date, the death benefit, if anyDeath Benefit, will be as specified in the Annuity Option annuity option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 2 contracts

Samples: American Separate Account 5, American Separate Account 5

Death of Annuitant. Upon the death of an XxxxxxxxxAnnuitant, who is not the Owner, during the Accumulation PeriodPerixx, the Owner xxx Xwner will automatically becomes become the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not proceeds will be designatedpaid to the Beneficiary of record. Upon the death of an the Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 1 contract

Samples: Jefferson National Life Annuity Account G

Death of Annuitant. Upon the death of an XxxxxxxxxAnnuitant, who is not the OwnerXxxxx, during the Accumulation Period, the Owner automatically becomes the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an the primary Annuitant will be treated as the death of the Owner and a new Annuitant may not be designated. Upon the death of an the Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.. PAYMENT OF DEATH BENEFIT - We will require due proof of death before any death benefit is paid. Due proof of death will be:

Appears in 1 contract

Samples: FSL Separate Account M

Death of Annuitant. Upon the death of an XxxxxxxxxAnnuitant, who is not the Owner, during the Accumulation Period, the Owner Xxxxx xxll automatically becomes become the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not proceeds will be designatedpaid to the Beneficiary of record. Upon the death of an the Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 1 contract

Samples: Jefferson National Life Annuity Account G

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Death of Annuitant. Upon the death of an Xxxxxxxxx, who is not the Owner, during the Accumulation Period, the Owner will automatically becomes become the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not proceeds will be designatedpaid to the Beneficiary of record. Upon the death of an the Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 1 contract

Samples: PHL Variable Accumulation Account II

Death of Annuitant. Upon the death of an XxxxxxxxxAnnuitant, who is not the Owner, during the Accumulation Period, the Owner xxx Xxxer will automatically becomes become the Annuitant. The Owner may designate a new Annuitant, subject to the Company's underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not proceeds will be designatedpaid to the Beneficiary of record. Upon the death of an the Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 1 contract

Samples: Jefferson National Life Annuity Account G

Death of Annuitant. Upon the death of an Xxxxxxxxx, who is not the Owner, during the Accumulation Period, the Owner will automatically becomes become the Annuitant. The Owner may designate a new Annuitant, subject to the Company's ’s underwriting rules then in effect. If the Owner is a non-natural person, the death of an Annuitant will be treated as the death of the Owner and a new Annuitant may not proceeds will be designatedpaid to the Beneficiary of record. Upon the death of an the Annuitant during the Annuity Period, the death benefit, if any, will be as specified in the Annuity Option elected. Death benefits will be paid at least as rapidly as under the method of distribution in effect at the Annuitant's death.

Appears in 1 contract

Samples: Jefferson National Life Annuity Account G

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