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Common use of BENEFICIARY PROVISIONS Clause in Contracts

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary, named in the application unless changed, is the party entitled to receive the benefits to be paid at the death of the Annuitant. Unless the Contract Owner provides otherwise, such benefits will be paid in equal shares or all to the survivor as follows:

Appears in 3 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Sentry Variable Account I), Variable Annuity Contract (Sentry Variable Account Ii), Annuity Contract (Sentry Variable Account Ii)

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary, named in the application unless changed, is the party entitled to receive the benefits to be paid at the death of the Annuitant. Unless the Contract Owner provides otherwise, such benefits will be paid in equal shares or all to the survivor as follows: (1) to the primary Beneficiaries who survive the Annuitant's death; or, if there are none, (2) to the Contingent Beneficiaries who survive the Annuitant's death; or, if there are none, (3) to the Contract Owner; or to the estate of the Contract Owner.

Appears in 1 contract

Samples: Variable Annuity Contract (Sentry Variable Account Ii)