Death Benefit Valuation Date. The Death Benefit Valuation Date is the Valuation Date next following the date we receive: 1. Proof of death; and 2. The Beneficiary's written request for a single sum payment or a payout permitted by IRC Section 408(b)(3) and of which we approve.
Appears in 2 contracts
Samples: Flexible Premium Individual Deferred Retirement Annuity Contract (Separate Account One of Northern Life Insurance Co), Right to Examine and Cancel Contract (Separate Account One of Northern Life Insurance Co)
Death Benefit Valuation Date. The Death Benefit Valuation Date is the Valuation Date next following the date we receive:
1. Proof of death; and
2. The Beneficiary's written request for a single sum payment or a payout permitted by IRC Section 408(b)(3401(a)(9) and of which we approve.
Appears in 2 contracts
Samples: Annuity Contract (Separate Account One of Northern Life Insurance Co), Annuity Contract (Separate Account One of Northern Life Insurance Co)
Death Benefit Valuation Date. The Death Benefit Valuation Date is the Valuation Date next following the date we receivereceive the later of:
1. Proof of your death; andor
2. The Beneficiary's written request for in a form which we approve for:
a. A single sum payment or a payment; or
b. An annuity payout permitted by IRC Code Section 408(b)(3) and of which we approve401(a)(9).
Appears in 1 contract
Samples: Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life)
Death Benefit Valuation Date. The Death Benefit Valuation Date is the Valuation Date next following the date we receivereceive the later of:
1. Proof of your death; andor 13077(LA)-15 20
2. The Beneficiary's written request for in a form which we approve for:
a. A single sum payment or a payment; or
b. An annuity payout permitted by IRC Code Section 408(b)(3) and of which we approve).
Appears in 1 contract
Samples: Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life)
