Death Benefit Options. You elected the Death Benefit Option in the application. The initial Death Benefit Option appears in the Policy Specifications. The Death Benefit Options are explained below. • Option A — The Death Benefit equals the Total Face Amount. • Option B — The Death Benefit equals the Total Face Amount plus the Accumulated Value at death. • Option C — The Death Benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces the Accumulated Value. If the sum of any such reductions is greater than the sum of the premiums paid, then the Death Benefit may be less than the Face Amount.
Appears in 3 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Account of Pacific Life & Annui, Pacific Select Exec Separate Acct Pacific Life Ins
Death Benefit Options. You have elected the Death Benefit Option in the application. The initial Death Benefit Option for this policy appears in the Policy Specifications. The Death Benefit Options are explained below. • · Option A — – The Death Benefit death benefit equals the Total Face Amount. • · Option B — – The Death Benefit death benefit equals the Total Face Amount plus the Accumulated Value at death. • · Option C — – The Death Benefit death benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces of the Accumulated ValueValue to the date of death. If the sum of any such reductions the withdrawals is greater than the sum of the premiums paid, then the Death Benefit death benefit may be less than the Face Amount.
Appears in 2 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins
Death Benefit Options. You elected the Death Benefit Option in the application. The initial Death Benefit Option appears in the Policy Specifications. The Death Benefit Options are explained below. • Option A — – The Death Benefit equals the Total Face Amount. • Option B — – The Death Benefit equals the Total Face Amount plus the Accumulated Value at death. • Option C — – The Death Benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces the Accumulated Value. If the sum of any such reductions is greater than the sum of the premiums paid, then the Death Benefit may be less than the Face Amount.
Appears in 2 contracts
Samples: Pacific Select Exec Separate Acct Pacific Life Ins, Pacific Select Exec Separate Acct Pacific Life Ins
Death Benefit Options. You elected elect the Death Benefit Option in the application. The initial Death Benefit Option for this policy appears in the Policy Specifications. The Death Benefit Options are explained below. • Option A — The Death Benefit death benefit equals the Total Face Amount. • Option B — The Death Benefit death benefit equals the Total Face Amount plus the Accumulated Value at death. • Option C — The Death Benefit death benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces of the Accumulated ValueValue to the date of death. If the sum of any such reductions the withdrawals is greater than the sum of the premiums paid, then the Death Benefit may death benefit will be less than the Face Amount.
Appears in 1 contract
Death Benefit Options. You elected elect the Death Benefit Option in the application. The initial Death Benefit Option for this policy appears in the Policy Specifications. The Death Benefit Options are explained below. • · Option A — – The Death Benefit death benefit equals the Total Face Amount. • · Option B — – The Death Benefit death benefit equals the Total Face Amount plus the Accumulated Value at death. • · Option C — – The Death Benefit death benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces of the Accumulated ValueValue to the date of death. If the sum of any such reductions the withdrawals is greater than the sum of the premiums paid, then the Death Benefit may death benefit will be less than the Face Amount.
Appears in 1 contract
Samples: Pacific Select Exec Separate Account of Pacific Life & Annui
Death Benefit Options. You have elected the Death Benefit Option in the application. The initial Death Benefit Option for this policy appears in the Policy Specifications. The Death Benefit Options are explained below. • Option A — – The Death Benefit death benefit equals the Total Face Amount. • Option B — – The Death Benefit death benefit equals the Total Face Amount plus the Accumulated Value at death. • Option C — – The Death Benefit death benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces of the Accumulated ValueValue to the date of death. If the sum of any such reductions the withdrawals is greater than the sum of the premiums paid, then the Death Benefit may death benefit will be less than the Face Amount.
Appears in 1 contract
Samples: Pacific Select Exec Separate Account of Pacific Life & Annui
Death Benefit Options. You have elected the Death Benefit Option in the application. The initial Death Benefit Option for this policy appears in the Policy Specifications. The Death Benefit Options are explained below. • Option A — – The Death Benefit death benefit equals the Total Face Amount. • Option B — – The Death Benefit death benefit equals the Total Face Amount plus the Accumulated Value at death. • Option C — – The Death Benefit death benefit equals the Total Face Amount plus the sum of the premiums paid minus the sum of any withdrawals taken and any other distribution that reduces of the Accumulated Value. If Value to the sum of any such reductions is greater than the sum of the premiums paid, then the Death Benefit may be less than the Face Amount.date of
Appears in 1 contract
