Common use of DEATH BENEFIT OPTIONS BEFORE INCOME DATE Clause in Contracts

DEATH BENEFIT OPTIONS BEFORE INCOME DATE. In the event any Owner dies before the Income Date, the death benefit may be taken in one sum, in which case that Certificate will terminate. Such sum shall be paid within five years of the Owner's death unless one of the options for continuation of the Certificate below is elected by the person entitled to make that election. Unless transferred to the Fixed Account, the death benefit amount in the Variable Account remains in the Variable Account until distribution begins. From the time the death benefit is determined until complete distribution is made, any amount in the Variable Account will continue to be subject to investment risk. This risk is borne by the Beneficiary.

DEATH BENEFIT OPTIONS BEFORE INCOME DATE. In the event any Owner dies before the Income Date, the death benefit may be taken in one sum, in which case that Certificate this Contract will terminate. Such sum shall be paid within five years of the Owner's death unless one of the options for continuation of the Certificate this Contract below is elected by the person entitled to make that election. Unless transferred to the Fixed Account, the death benefit amount in the Variable Account remains in the Variable Account until distribution begins. From the time the death benefit is determined until complete distribution is made, any amount in the Variable Account will continue to be subject to investment risk. This risk is borne by the Beneficiary.

DEATH BENEFIT OPTIONS BEFORE INCOME DATE. In the event any Owner dies before the Income Date, the death benefit may be taken in one sum, in which case that Certificate this Contract will terminate. Such sum shall be paid within five years of the Owner's death unless one of the options for continuation of the Certificate this Contract below is elected by the person entitled to make that election. Unless transferred to the Fixed Interest Account, the death benefit amount in the Variable Account remains in the Variable Account until distribution begins. From the time the death benefit is determined until complete distribution is made, any amount in the Variable Account will continue to be subject to investment risk. This risk is borne by the Beneficiary.