Common use of Contingent Beneficiaries Clause in Contracts

Contingent Beneficiaries. At the death of the direct beneficiary, the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving all or part of the contingent beneficiary’s full share, the unpaid portion will be payable in equal shares to the other contingent beneficiaries who survive and receive payment.

Contingent Beneficiaries. At the death of all of the direct beneficiarybeneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving all or part of the contingent beneficiary’s 's full share, the unpaid portion will be payable in equal shares to the other contingent beneficiaries who survive and receive payment.

Contingent Beneficiaries. At the death of all of the direct beneficiarybeneficiaries, the proceeds, or the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving all or part of the contingent beneficiary’s 's full share, the unpaid portion will be payable in equal shares to the other contingent beneficiaries who survive and receive payment.

Contingent Beneficiaries. At the death of the direct beneficiary, the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving all or part of the contingent beneficiary’s 's full share, the unpaid portion will be payable in equal shares to the other contingent beneficiaries who survive and receive payment.

Contingent Beneficiaries. At the death of the direct beneficiary, the present value of any unpaid payments amounts payable under a payment plan, an income plan will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a Unless requested otherwise by the Owner, the contingent beneficiary dies before receiving all or part beneficiaries can elect to: • continue to receive the remaining period certain payments at the selected frequency, • receive the present value of the contingent beneficiary’s full shareremaining period certain payments in one sum, or • apply the unpaid portion will be payable in equal shares present value of the remaining period certain payments to the other contingent beneficiaries who survive and receive paymenta new Life Income Plan.

Contingent Beneficiaries. At the death of all of the direct beneficiarybeneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving all or part of the contingent beneficiary’s full share, the unpaid portion will be payable in equal shares to the other contingent beneficiaries who survive and receive payment.

Contingent Beneficiaries. At the death of all of the direct beneficiarybeneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving all or part of the contingent continent beneficiary’s full share, the unpaid portion will be payable in equal shares to the other contingent beneficiaries who survive and receive payment.

Contingent Beneficiaries. At the death of all of the direct beneficiarybeneficiaries, the proceeds, or the present value of any unpaid payments under a payment plan, will be payable in equal shares to the contingent beneficiaries who survive and receive payment. If a contingent beneficiary dies before receiving he receives all or part of the contingent beneficiary’s his full share, the unpaid portion part of his share will be payable pay able in equal shares to the other contingent beneficiaries who survive and receive payment.