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: Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui), Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (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: Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Life Insurance Policy (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: Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins), Insurance Policy (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 may death benefit will be less than the Face Amount.
Appears in 1 contract
Samples: Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui)
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: Insurance Policy (Pacific Select Exec Separate Account of Pacific Life & Annui)
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: Flexible Premium Variable Universal Life Insurance Policy (Goldman Sachs Group Inc/)
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
Samples: Life Insurance Policy (Pacific Select Exec Separate Acct Pacific Life Ins)
