Beneficiary and Contingent Beneficiary. The person(s) or entity(ies) designated to receive any Death Benefit or annuity benefits that may become payable. In the event the primary Beneficiary pre-deceases the Contingent Beneficiary, they will receive any benefits per the Line of Succession provision. Business Day – Any day on which the value of an amount invested in a Subaccount is required to be determined by applicable law which currently includes each day that both the New York Stock Exchange is open for trading and our administrative offices are open. If any transaction or event under this Contract is scheduled to occur on a day that does not exist in a given calendar period, or on a day that is not a Business Day, such transaction or event will be deemed to occur on the next following Business Day, unless otherwise stated. Calendar Year – A one-year period beginning January 1 and ending December 31. Code – The Internal Revenue Code of 1986, as amended. Contract Anniversary – The anniversary of the Contract Date occurring each year the Contract remains active. Contract Date – The date we issued this Contract. Contract Years and Contract Anniversaries are measured from the Contract Date. General Account – Consists of our assets, other than those allocated to Separate Account A or to any other Separate Account.
Beneficiary and Contingent Beneficiary. The person(s) or entity(ies) designated to receive any Death Benefit or annuity benefits that may become payable. In the event the primary Beneficiary pre-deceases the Contingent Beneficiary, they will receive any benefits per the Line of Succession provision. Business Day – Any day on which both the New York Stock Exchange is open for trading and our Service Centers are open. If any transaction or event under this Contract is scheduled to occur on a day that does not exist in a given calendar period, or on a day that is not a Business Day, such transaction or event will be deemed to occur on the next following Business Day, unless otherwise stated. Calendar Year – A one-year period beginning January 1 and ending December 31. Code – The Internal Revenue Code of 1986, as amended. Contract Anniversary – The anniversary of the Contract Date occurring each year the Contract remains active. Contract Date – The date we issued this Contract. Contract years and Contract Anniversaries are measured from the Contract Date.
