Common use of CHOICE OF OPTIONS Clause in Contracts

CHOICE OF OPTIONS. You may choose an option by Written Notice during the Insured's lifetime. If a settlement option is not in effect at the Insured's death, a choice may be made by the Beneficiary.

CHOICE OF OPTIONS. You may choose an option by Written Notice during the Insured's ’s lifetime. If a settlement payment option is not in effect at the Insured's ’s death, the Beneficiary may make a choice may be made by the Beneficiarychoice.