Common use of Death Benefit Clause in Contracts

Death Benefit. The death benefit is the Contract Value, less any applicable premium tax, as of the end of the Valuation Period during which we receive due proof of death. Only one death benefit is payable under this Contract, even though the Contract may, in some circumstances, continue beyond an Owner’s death.

Appears in 12 contracts

Sources: Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account a of Protective Life)

Death Benefit. The death benefit is the Contract Value, less any applicable premium tax, Value as of the end of the Valuation Period during which we receive due proof of death. Only one death benefit is payable under this Contract, even though the Contract may, in some circumstances, continue beyond an Owner’s 's death.

Appears in 5 contracts

Sources: Group Flexible Premium Deferred Annuity Contract (Protective Variable Annuity Separate Account), Individual Flexible Premium Deferred Annuity Contract (Protective Variable Annuity Separate Account), Individual Flexible Premium Deferred Variable Annuity Contract (Protective Variable Annuity Separate Account)

Death Benefit. The death benefit is the Contract Value, less any applicable premium tax, as of the end of the Valuation Period during which we receive due proof of death. Only one death benefit is payable under this Contract, even though the Contract may, in some circumstances, continue beyond an Owner’s death.. NY-VDA-A-2006 [ 12/11 ]

Appears in 3 contracts

Sources: Individual Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account a of Protective Life), Individual Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account a of Protective Life), Individual Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account a of Protective Life)

Death Benefit. The death benefit is the Contract Value, less any applicable premium tax, as of the end of the Valuation Period during which we receive due proof of death. Only one death benefit is payable under this Contract, even though the Contract may, in some circumstances, continue beyond an Owner’s death.

Appears in 2 contracts

Sources: Sep Ira Agreement, Sep Ira Agreement

Death Benefit. The death benefit is the Contract Value, less any applicable premium tax, Value as of the end of the Valuation Period during which we receive due proof of death. Only one death benefit is payable under this Contract, even though the Contract may, in some circumstances, continue beyond an Owner’s death.

Appears in 2 contracts

Sources: Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Annuity Account a of Protective Life), Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Annuity Account a of Protective Life)