Common use of CHOICE OF OPTIONS Clause in Contracts

CHOICE OF OPTIONS. You may choose an option by written notice during the Annuitant’s lifetime. If an option for payment of proceeds is not in effect at the Annuitant’s death, the beneficiary may make a choice.

CHOICE OF OPTIONS. You may choose an option by written notice during the Annuitant’s lifetime. If an a settlement option for payment of proceeds is not in effect at the Annuitant’s death, a choice may be made by the beneficiary may make a choicebeneficiary.