Common use of DEATH BENEFIT WHEN NO NATURAL OWNERS Clause in Contracts

DEATH BENEFIT WHEN NO NATURAL OWNERS. If there is no Owner who is a natural person, we will treat the Annuitant as Owner for the purpose of paying the death benefit and any rider benefits, and the Annuitant's age will determine the death benefit payable to the Beneficiary.

Appears in 9 contracts

Samples: Sage Variable Annuity Account A, Sage Variable Annuity Account A, Sage Variable Annuity Account A

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!