Common use of Death Distributions Clause in Contracts

Death Distributions. If you die and you have a designated beneficiary, the balance in your Xxxx XXX will be distributed to your beneficiary over the beneficiary's single life expectancy. These distributions must commence no later than December 31st of the calendar year following the calendar year of your death. However, if your spouse is your sole beneficiary, these distributions are not required to commence until the December 31st of the calendar year you would have attained the age of 70½, if that date is later than the required commencement date in the previous sentence. If you die and you do not have a designated beneficiary, the balance in your Xxxx XXX must be distributed no later than the December 31st of the calendar year that contains the fifth anniversary of your death.

Death Distributions. If you die and you have a designated beneficiary, the balance in your Xxxx XXX will be distributed to your beneficiary over the beneficiary's ’s single life expectancy. These distributions must commence no later than December 31st of the calendar year following the calendar year of your death. However, if your spouse is your sole beneficiary, these distributions are not required to commence until the December 31st of the calendar year you would have attained the age of 70½701/2, if that date is later than the required commencement date in the previous sentence. If you die and you do not have a designated beneficiary, the balance in your Xxxx XXX must be distributed no later than the December 31st of the calendar year that contains the fifth anniversary of your death.

Death Distributions. If you die and you have a designated beneficiary, the balance in your Xxxx XXX will be distributed to your beneficiary over the beneficiary's single life expectancy. These distributions must commence no later than December 31st of the calendar year following the calendar year of your death. However, if your spouse is your sole beneficiary, these distributions are not required to commence until the December 31st of the calendar year you would have attained the age of 70½, if that date is later than the required commencement date in the previous sentence. If you die and you do not have a designated beneficiary, the balance in your Xxxx XXX must be distributed no later than the December Dece mber 31st of the calendar year that contains the fifth anniversary of your death.