Death during the Settlement Phase. When the last Covered Person dies during the Settlement Phase, the GLWB will terminate and no additional Installments will be paid to the Beneficiary.
Appears in 7 contracts
Samples: Individual Deferred Annuity Contract (Variable Annuity-8 Series Account), Individual Flexible Premium Variable Deferred Annuity Contract (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Co of New York)), Nonparticipating, Individual Flexible Premium Variable Deferred Annuity Contract (Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Company))
