DEATH BENEFIT AMOUNT DURING THE ACCUMULATION PERIOD. The death benefit during the Accumulation Period will be the Contract Value determined and paid as of the end of the Valuation Period during which the Company receives both due proof of death and an election of the payment method.
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Samples: Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4), Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4), Individual Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)
DEATH BENEFIT AMOUNT DURING THE ACCUMULATION PERIOD. The death benefit during the Accumulation Period will be the Contract Value determined and paid as of the end of the Valuation Period during which the Company receives both due proof of death and an election of for the payment method, reduced by the applicable portion of the Subscription Fee, and any applicable Transaction Fee.
Appears in 1 contract
Samples: Insurance Contract (Jefferson National Life Annuity Account G)
DEATH BENEFIT AMOUNT DURING THE ACCUMULATION PERIOD. The death benefit during the Accumulation Period will be the Contract Value determined and paid as of the end of the Valuation Period during which the Company receives both due proof of death and an election of for the payment method, reduced by the applicable portion of the Subscription Fee, any applicable Low Cost Fund Platform Fee and Asset Allocation Model Fee. If an election for the payment method is not received, the Company will place the proceeds in the five year option account.
Appears in 1 contract
Samples: Insurance Contract (Jefferson National Life of New York Annuity Account 1)
DEATH BENEFIT AMOUNT DURING THE ACCUMULATION PERIOD. The death benefit Death Benefit during the Accumulation Period will be the Contract Value determined and paid as of the end of the Valuation Period during which the Company receives both due proof of death and an election of for the payment method.
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