Common use of Death Benefit Provided by the Contract Clause in Contracts

Death Benefit Provided by the Contract. If the Covered person dies while the Contract and this Certificate are in effect and before the Annuity Commencement Date, the Company, upon receipt of Due Proof of Death of the Covered person, may pay a Death Benefit to the Beneficiary in accordance with this Death Benefit provision. If the Covered Person is not a natural person, the Annuitant is considered the Participant for the purpose of this Death Benefit provision. If there is no Designated Beneficiary living on the date of death of the Covered Person, the Company will pay the Death Benefit (upon receipt of Due Proof of Death of the Covered Person and the Beneficiary, if applicable) to the surviving Participant, if any, or in one sum to the estate of the deceased Participant. If the death of the Covered Person occurs on or after the Annuity Commencement Date, no Death Benefit will be payable under the Contract except as may be provided under the form of annuity elected.

Appears in 2 contracts

Samples: Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F), Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)

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Death Benefit Provided by the Contract. If the Covered person Person dies while the Contract and this Certificate are in effect and before the Annuity Commencement Date, the Company, upon receipt of Due Proof of Death of the Covered personPerson, may pay a Death Benefit to the Beneficiary in accordance with this Death Benefit provision. If the Covered Person Participant is not a natural person, the Annuitant is considered the Participant Covered Person for the purpose of this Death Benefit provision. If there is no Designated Beneficiary living on the date of death of the Covered Person, the Company will may pay the Death Benefit (upon receipt of Due Proof of Death of the Covered Person and the Beneficiary, if applicable) to the surviving Participant, if any, or in one sum to the estate of the deceased Participant. If the death of the Covered Person occurs on or after the Annuity Commencement Date, no Death Benefit will be payable under the Contract except as may be provided under the form of annuity elected.

Appears in 2 contracts

Samples: Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F), Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)

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Death Benefit Provided by the Contract. If the Covered person Person dies while the Contract and this Certificate are in effect and before the Annuity Commencement Date, the Company, upon receipt of Due Proof of Death of the Covered personPerson, may pay a Death Benefit to the Beneficiary in accordance with this Death Benefit provision. If the Covered Person Participant is not a natural person, the Annuitant is considered the Participant Covered Person for the purpose of this Death Benefit provision. If there is no Designated Beneficiary living on the date of death of the Covered Person, the Company will may pay the Death Benefit (upon receipt of Due Proof of Death of the Covered Person and or the Beneficiary, if applicable) to the surviving Participant, if any, or in one sum to the estate of the deceased Participant. If the death of the Covered Person occurs on or after the Annuity Commencement Date, no Death Benefit will be payable under the Contract except as may be provided under the form of annuity elected.

Appears in 1 contract

Samples: Combination Variable and Fixed Group Annuity Contract (Sun Life of Canada U S Variable Account F)

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