Common use of Certificate Holder is Not Annuitant Clause in Contracts

Certificate Holder is Not Annuitant. When the Certificate Holder is not the Annuitant and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder's, the surviving joint Certificate Holder will be deemed the successor payee. If the Annuitant dies under option 1 or 2, or both the Annuitant and the second Annuitant die under option 3(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon the election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 has been elected, and the Annuitant dies, the remaining payments will continue to the Certificate Holder.

Certificate Holder is Not Annuitant. When the Certificate Holder is not the Annuitant and the Certificate Holder dies, the remaining payments under options 2, 3 or 4 will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder'sHolders, the surviving joint Certificate Holder will be deemed the successor payee. If the Annuitant dies under option 1 2 or 23, or if both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon the election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 4 has been elected, and the Annuitant dies, the remaining payments will continue to the Certificate Holder.

Certificate Holder is Not Annuitant. When the Certificate Holder is not the Annuitant and the Certificate Holder dies, the remaining payments will continue to the successor payee. If no successor payee has been designateddesigned, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder'sHolders, the surviving joint Certificate Holder will be deemed the successor payee. If the Annuitant dies under the option 1 or 2, or if both the Annuitant and the second Annuitant die under option 3(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon the election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 has been elected, and the Annuitant dies, the remaining payments will continue to the Certificate Holder.

Certificate Holder is Not Annuitant. When the Certificate Holder is not the Annuitant and the Certificate Holder dies, the remaining payments under options 2, 3 or 4 will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder's, the surviving joint Certificate Holder will be deemed the successor payee. If the Annuitant dies under option 1 2 or 23, or if both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon the election by the Beneficiary, Beneficiary any remaining payments will continue to the Beneficiary. If option 3 4 has been elected, and the Annuitant dies, the remaining payments will continue to the Certificate Holder.

Certificate Holder is Not Annuitant. When the Certificate Holder is not the Annuitant and the Certificate Holder dies, the remaining payments under options 2, 3 or 4 will continue to the successor payee. If no successor payee has been designated, the Beneficiary will be treated as the successor payee. If the Account has joint Certificate Holder's, the surviving joint Certificate Holder will be deemed the successor payee. If the Annuitant dies under option 1 2 or 23, or of if both the Annuitant and the second Annuitant die under option 3(d4(d), the present value of any remaining guaranteed payments will be paid in one sum to the Beneficiary, or upon the election by the Beneficiary, any remaining payments will continue to the Beneficiary. If option 3 4 has been elected, and the Annuitant dies, the remaining payments will continue to the Certificate Holder.