Common use of DEATH BENEFIT PROVISION Clause in Contracts

DEATH BENEFIT PROVISION. We will pay a Death Benefit to the Beneficiary upon Our receiving due proof that the Owner died prior to the Annuity Date. The Beneficiary may elect to receive a single sum distribution or to receive annuity payments. If a single sum payment is requested, payment will be in accordance with any applicable laws and regulations governing payments on death. If an Annuity Option is desired, an Option must be elected within 60 days of Our receipt of due proof of the Owner's death at Our Annuity Service Center; otherwise a single sum payment will be made at the end of such 60 day period. Funds will remain allocated pursuant to the last allocation and instructions in effect at the Owner's death until Our Annuity Service Center receives new written instructions.

DEATH BENEFIT PROVISION. We will pay a Death Benefit to the Beneficiary upon Our receiving due proof that the Owner Participant died prior to the Annuity Date. The Beneficiary may elect to receive a single sum distribution or to receive annuity payments. If a single sum payment is requested, payment will be in accordance with any applicable laws and regulations governing payments on death. If an Annuity Option is desired, an Option must be elected within 60 days of Our receipt of due proof of the OwnerParticipant's death at Our our Annuity Service Center; otherwise a single sum payment will be made at the end of such 60 day period. Funds will remain allocated pursuant to the last allocation and instructions in effect at the OwnerParticipant's death until Our Annuity Service Center receives new written instructions.. PROOF OF DEATH

DEATH BENEFIT PROVISION. We will pay a Death Benefit to the Beneficiary upon Our receiving due proof that the Owner Participant died prior to the Annuity Date. The Beneficiary may elect to receive a single sum distribution or to receive annuity payments. If a single sum payment is requested, payment will be in accordance with any applicable laws and regulations governing payments on death. If an Annuity Option is desired, an Option must be elected within 60 days of Our receipt of due proof of the OwnerParticipant's death at Our our Annuity Service Center; otherwise a single sum payment will be made at the end of such 60 day period. Funds will remain allocated pursuant to the last allocation and instructions in effect at the OwnerParticipant's death until Our Annuity Service Center receives new written instructions.