Common use of Death Benefit Options Clause in Contracts

Death Benefit Options. (1) If the Beneficiary is the surviving Available to spouse, the spousal Beneficiary will be Beneficiary (Cont'd): the successor Certificate Holder and may exercise all Certificate Holder rights under the Contract and continue in the Accumulation Period, or may elect (i) or (ii) below. Under the Code, distributions from the Account are not required until the spousal Beneficiary's death. The spousal Beneficiary may elect to:

Death Benefit Options. (b) When the Certificate Holder is not the Available to Annuitant and the Certificate Holder dies, Beneficiary and: (Cont'd): (1) If the Beneficiary is the Certificate Holder's surviving Available to spouse, the spousal Beneficiary will be Beneficiary (Cont'd): the successor Certificate Holder and may exercise all Certificate Holder rights under the Contract and continue in the Accumulation Period, or may elect (i) ), (ii), or (iiiii) below. Under the Code, distributions from the Account are not required until the spousal Beneficiary's death. The spousal Beneficiary may elect to:

Death Benefit Options. (1) If the Beneficiary is the Certificate available to Beneficiary Holder's surviving Available to spouse, the spousal Beneficiary will be Beneficiary (Cont'd): the successor Certificate Holder and Beneficiary may exercise all Certificate Holder rights under the Contract and continue in the Accumulation Period, or may elect (i) ), or (ii) below. Under the Code, distributions from the Account are not required until the spousal Spousal Beneficiary's death. The spousal Spousal Beneficiary may elect to:

Death Benefit Options. (1) If the Beneficiary is the AVAILABLE TO BENEFICIARY Certificate Holder's surviving Available to (CONT'D) spouse, the spousal Beneficiary will be Beneficiary (Cont'd): the successor Certificate Holder and may exercise all Certificate Holder rights under the Contract and continue in the Accumulation Period, or may elect (i) ), (ii), or (iiiii) below. Under the Code, distributions from the Account are not required until under the spousal Beneficiary's death. The spousal Beneficiary may elect to: