Common use of Absence of Beneficiary Designation Clause in Contracts

Absence of Beneficiary Designation. If no beneficiary designation is in effect at the time of the Participant’s death, TFLIC may, at its option, make payment to the Participant’s estate.

Absence of Beneficiary Designation. If no beneficiary designation is in effect at the time of the Participant’s death, TFLIC TLIC may, at its option, make payment to the Participant’s estate.