Common use of ALTERNATIVE ELECTION Clause in Contracts

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:

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:

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: