Payment of Death. In the case of the death of a full time employee in service, 100 per cent (100%) of the employee's accumulated sick leave benefits shall be paid to the employee's estate.
Payment of Death. Benefit To pay the death benefit, we need proof of death acceptable to us, such as a certified copy of a death certificate, plus written direction regarding how to pay the death benefit payment. If the death benefit is payable to an Owner’s estate, we will pay it in a single payment. The death benefit may be paid as: • a lump sum payment or series of withdrawals that are completed within five years from the date of death; or • annuity payments made over life or life expectancy. To receive annuity payments, this election must be made within 60 days from our receipt of proof of death. Annuity payments must begin within one year from the date of death. Once annuity payments begin, they cannot be changed. If a person entitled to receive a death benefit dies before the death benefit is distributed, we will pay the death benefit to that person’s named beneficiary or, if none, to that person’s estate.
Payment of Death. BENEFIT If the Married Owner dies before the Benefit Commencement Date, the death benefit will be payable to the Married Owner's surviving spouse unless the spouse has consented to the waiver of such death benefit in a written, notarized statement of consent.
Payment of Death. If an Annuitant dies after the Annuity Date, the death Benefits During the benefit, if any, will depend on the Annuity option in Annuity Period effect. If an Owner, who is nor also an Annuitant, dies after the Annuity Date, the following provisions apply:
Payment of Death. Benefit If a married Contract Owner dies before the date benefits begin, the death benefit will be paid to the Contract Owner's surviving spouse in the form of a single life annuity, unless the Contract Owner has designated another form of payment available under the contract, or the surviving spouse elects to receive a lump sum payment or another form of payment available under the contract.
Payment of Death. Benefit To pay the Death Benefit, we require proof of death. Proof of death is a certified copy of a death certificate plus written direction from at least one eligible recipient of the death benefit proceeds regarding how to pay the death benefit payment. If the Death Benefit is payable to an Owner’s estate, we will pay it in a single payment. We will pay interest on the Death Benefit at the rate required by state law. The Death Benefit may be paid as: a lump sum payment or series of withdrawals that are completed within five years from the date of death; or Annuity Payments made over a person’s life or life expectancy. The life expectancy election must be made within 60 days from our receipt of proof of death. Annuity Payments must begin within one year from the date of death. Once Annuity Payments begin, they cannot be changed. If a person entitled to receive the Death Benefit dies before the Death Benefit is distributed, we will pay the Death Benefit to that person’s named Beneficiary or, if none, to that person’s estate.
Payment of Death. Benefit To pay the death benefit, we need proof of death acceptable to us, such as a certified copy of a death Contract, plus the Plan’s written direction regarding how to pay the death benefit payment. Upon receiving due proof of death we will pay interest on the death benefit amount at the rate required by law. The death benefit may be paid as: • a lump sum payment or series of withdrawals that are completed within five years from the date of death; or • annuity payments made over the beneficiary’s life or life expectancy. Annuity payments must begin by the close of the calendar year following the calendar year of the Annuitant’s death. Once annuity payments begin, they cannot be changed. If a person entitled to receive a death benefit dies before the death benefit is distributed, we will pay the death benefit to that person’s named beneficiary or, if none, to that person’s estate.
Payment of Death. Benefit proceeds is subject to the Contract provisions regarding suicide, incontestability and misrepresentation and misstatement of age or sex. In addition, payment of Death Benefit proceeds is subject to proof of date of death, satisfactory to Liberty Life and receipt of all other requirements deemed necessary by Liberty Life, including state law requirements. However, in addition to the reasons for delaying payment stated in the Contract, Liberty Life may delay payment if Due Proof of Death is not met. Some instances where Due Proof of Death may not be met include: (1) additional investigation is needed to determine the cause of death, (2) Liberty life has reason to suspect fraud on the part of the Applicant, Insured or claimant, (3) death occurs within the Contract's contestable period, (4) the designated Beneficiary cannot be located, is not competent to receive the Death Benefit proceeds, or may be precluded from receiving the Death Benefit proceeds, 5) different parties have presented conflicting claims to the same Death Benefit proceeds, (6) additional information is required to identify the Beneficiary, or (7) a governmental entity or agency or court has placed a lien or other form of attachment on the Death Benefit proceeds. Provision of a death certificate is not necessarily Due Proof of Death. Liberty Life may decide that the circumstances of certain claims raise questions of whether the insured has died and require additional investigation to establish Due Proof of Death. Liberty Life will pay Death Benefit proceeds out of its General Account and will transfer the Account Value from the Sub-Accounts to the General Account. The excess, if any, of the Death Benefit over the amount transferred will be paid out of the General Account.
Payment of Death. BENEFIT Upon the death of an Owner or the Annuitant and while this Contract is in force, the death benefit will become payable in accordance with these provisions following GWL&A's receipt of a Request. When an Owner or the Annuitant dies before the Annuity Commencement Date and a death benefit is payable to a Beneficiary, the death benefit proceeds will remain invested in accordance with the allocation instructions given by the Owner until new allocation instructions are Requested by the Beneficiary or until the death benefit is actually paid to the Beneficiary. The death benefit will be determined as of the date the Request for payment is received. However, on the date a payout option is processed, amounts in the Sub-Account will be Transferred to the Money Market Investment Division unless the Beneficiary otherwise elects by Request. Distribution of the death benefit may be Requested to be made as follows (subject to the distribution rules set forth below): 1. payment in a single sum; or 2. payout under any of the variable annuity options provided under the Contract. The Death Benefit is determined by the Death Benefit Option selected when the Contract is issued, as shown on the Contract Data Page and whether the death of the Owner or Annuitant occurs before or after the annuity payouts commence. If the Owner or Annuitant dies after the date annuity payouts commence and before the entire interest has been distributed, the remaining annuity payouts payable will be paid to the Beneficiary under the payout option applicable on the date of death. The Beneficiary will not be allowed to change the method of distribution in effect on the date of the Owner's or Annuitant's death or to elect a new payout option; or If the Owner or Annuitant dies before the date annuity payouts commence, GWL&A will pay proceeds to the Beneficiary according to the Death Benefit Option shown on the Contract Data Page.
Payment of Death. Benefit Before the Retirement Date The above death benefit will be payable in a lump sum upon the receipt of due proof of death of you or the annuitant, whichever first occurs. The beneficiary may elect to receive payment anytime within five years after the date of death. In lieu of a lump sum, payment may be made under an Annuity Payment Plan, provided:
