Common use of DEATH BENEFIT OPTIONS DURING THE ACCUMULATION PERIOD Clause in Contracts

DEATH BENEFIT OPTIONS DURING THE ACCUMULATION PERIOD. In the event an Owner dies during the Accumulation Period, a Beneficiary must choose payment of the death benefit under one of the options below (unless the Owner has previously chosen an option). The death benefit options available under the Contract are:

Appears in 3 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (New England Variable Annuity Separate Account), Deferred Variable Annuity Contract (New England Variable Annuity Separate Account), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Metropolitan Life Separate Account E)

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DEATH BENEFIT OPTIONS DURING THE ACCUMULATION PERIOD. In If the event an Owner dies during the Accumulation Periodhas not previously designated a death benefit option, a Beneficiary must choose payment request that the death benefit be paid under one of the death benefit under one of the options below (unless the Owner has previously chosen an option). The death benefit options available under the Contract are:below.

Appears in 2 contracts

Samples: Annuity Contract (Preferred Life Variable Account C), Annuity Contract (Preferred Life Variable Account C)

DEATH BENEFIT OPTIONS DURING THE ACCUMULATION PERIOD. In If the event an Owner dies during the Accumulation Periodhas not previously designated a death benefit option, a Beneficiary must choose payment request that the death benefit be paid under one of the death benefit under one options below. In addition, if the Beneficiary is the spouse of the options below (unless Contract Owner, he or she may elect to continue the Owner has previously chosen an option). The death benefit options available Contract in his or her own name and exercise all the Contract Owner's rights under the Contract are:Contract.

Appears in 2 contracts

Samples: Annuity Contract (Allianz Life Variable Account B), Annuity Contract (Allianz Life Variable Account B)

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DEATH BENEFIT OPTIONS DURING THE ACCUMULATION PERIOD. In A non-spousal Beneficiary must elect the death benefit to be paid under one of the following options in the event an of the death of the Contract Owner dies during the Accumulation Period, a Beneficiary must choose payment of the death benefit under one of the options below (unless the Owner has previously chosen an option). The death benefit options available under the Contract are:

Appears in 1 contract

Samples: Annuity Contract (C M Multi Account A)

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