ALTERNATIVE ELECTION. If the Beneficiary is entitled to receive the Death Benefit Proceeds, the Beneficiary may elect, in lieu of a lump sum payment, one of the following options that provides for complete distribution and termination of this Contract at the end of the distribution period:
Appears in 2 contracts
Samples: Flexible Payment Variable Accumulation Deferred Annuity Contract (WRL Series Annuity Account), Flexible Payment Accumulation Deferred Annuity Contract (Ausa Series Annuity Account)
ALTERNATIVE ELECTION. If the Beneficiary is entitled to receive the Death Benefit Proceeds, the Beneficiary may elect, elect in lieu of a lump sum payment, one of the following options that provides provide for complete distribution and termination of this Contract at the end of the distribution period:
Appears in 2 contracts
Samples: Deferred Annuity Contract (WRL Series Annuity Account), Deferred Annuity Contract (WRL Series Annuity Account)
ALTERNATIVE ELECTION. If the Beneficiary is entitled to receive the Death Benefit Proceeds, the Beneficiary may elect, elect in lieu of a lump sum payment, one of the following options that provides provide for complete distribution and termination of this Contract thisContract at the end of the distribution period:
Appears in 1 contract
Samples: Flexible Payment Variable Annuity Contract (WRL Series Annuity Account)
