Death Benefit Amount. The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:
Death Benefit Amount. 17 3.12 Death Benefit Options Available to Beneficiary.............. 18 3.13
Death Benefit Amount. If the Death Benefit is to be paid as a series of periodic payments under a Payout Option, then the amount of each payment under the Death Benefit is determined on the date that the Death Benefit Value is applied to the Payout Option and is based on:
1) the Death Benefit Value, together with any interest required by law to the date it is applied to the Payout Option;
2) the Payout Option that applies; and
3) the payment interval. If the Death Benefit is paid in a lump sum, then it is equal to the Death Benefit Value increased by interest as required by law.
Death Benefit Amount. If the Certificate Holder or Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Account. If the Account is owned jointly, the death benefit is paid at the death of the first joint Certificate Holder to die. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's home office. The amount of the death benefit is determined as follows:
Death Benefit Amount. The amount of the death benefit is described in SECTION IV - OPTION PACKAGES.
Death Benefit Amount. In the event that the Executive retires and is entitled to a Supplemental Benefit pursuant to this Section 1.2, but dies before receiving the entire Supplemental Benefit, then the remaining payments shall be made in accordance with the foregoing schedule to such individual or individuals as the Executive has designated in writing, filed with and been approved by the Corporation. In the absence of any effective designation of beneficiary, any such remaining amounts shall be payable to the Executive's duly qualified executor or administrator.
Death Benefit Amount. If the Certificate Holder/Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Account. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. The amount of the death benefit is determined as follows:
(a) Death of Certificate Holder/Annuitant less than 85 years of age: The guaranteed death benefit is the greatest of:
(1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account;
(2) The highest step-up value as of the date of death. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary.
(3) The Account's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Account's Current Value is determined as of the date of death. Any excess amount will be deposited to the Account and allocated to Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date plus any excess amount deposited becomes the Account's Current Value.
Death Benefit Amount. The Death Benefit is the Account Value as of the Death Benefit Date. Any part of the Account Value invested in the Subaccounts at the time we receive notice of the Owner’s death will remain invested in the Subaccounts until the Death Benefit Date. The Account Value invested in the Subaccounts is subject to investment risk, which is borne by the Beneficiary.
Death Benefit Amount. If the Contract Holder or Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Contract. If the Contract is owned jointly, the death benefit is paid at the first death of either of the joint Contract Holders. If the Contract is held by joint Contract Holders, the survivor will be deemed the designated Beneficiary and any other Beneficiary on record will be treated as the contingent Beneficiary. If the Contract Holder is a nonnatural person, the death benefit will be payable at the death of the Annuitant. If paid within 6 months of the date of the Annuitant's death, the death benefit will be the Current Value of the Contract. Otherwise, the death benefit will be the Adjusted Current Value determined as of the claim date. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. When the Contract Holder dies and the Contract Holder is not the Annuitant, the death benefit payable will be subject to a Surrender Fee, if applicable.
Death Benefit Amount. If the Certificate Holder or Annuitant dies before Annuity payments start, the Beneficiary is entitled to a death benefit under the Account. If the Account is owned jointly, the death benefit is paid at the death of the first joint Certificate Holder to die. The claim date is the date when proof of death and the Beneficiary's claim are received in good order at Aetna's Home Office. The amount of the death benefit is determined as follows:
(a) Death of Annuitant less than 75 years of age: The guaranteed death benefit is the greatest of:
(1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account;
(2) The highest step-up value as of the date of death. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary.
(3) The Account's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Account's Current Value is determined as of the date of death. Any excess amount will be deposited in the Account and allocated to the Aetna Variable Encore Fund as of the claim date. The Current Value on the claim date, plus any excess amount deposited, becomes the Account's Current Value.
(b) Death of Annuitant age 75 or greater: The death benefit amount is the greatest of:
(1) The sum of all Net Purchase Payment(s) made to the Account (as of the date of death) minus the sum of all amounts surrendered, applied to an Annuity, or deducted from the Account;
(2) The highest step-up value prior to the Certificate Holder's 75th birthday. A step-up value is determined on each anniversary of the Effective Date. Each step-up value is calculated as the Account's Current Value on the Effective Date anniversary, increased by the amount of any Purchase Payment(s) made, and decreased by the sum of all amounts surrendered, deducted, and/or applied to an Annuity option since the Effective Date anniversary.
(3) The Account's Current Value as of the date of death. The excess, if any, of the guaranteed death benefit value over the Account's Current Value is determined as of the date of death. Any excess amount will be deposite...
