Common use of Death Before Full Distribution Clause in Contracts

Death Before Full Distribution. Unless the Owner has otherwise specified in the Beneficiary designation, the Beneficiary will become fixed as of the Owner’s death so that, if a Beneficiary survives the Owner but dies before the receipt of all amounts due such Beneficiary, the remaining amounts will be payable to the representative of the Beneficiary’s estate or to one or more Beneficiaries designated by such Beneficiary.

Death Before Full Distribution. Unless the Owner has you have otherwise specified in the Beneficiary designation, the Beneficiary Beneficiaries will become fixed as of the Owner’s your death so that, if a Beneficiary Beneficiaries survives the Owner you but dies before the receipt of all amounts due such Beneficiary, the remaining amounts will be payable to the representative repre- sentative of the such Beneficiary’s estate or to one or more Beneficiaries designated by such BeneficiaryBeneficiary under the rules of Section 5.4(c).