Common use of Death of Annuitant Clause in Contracts

Death of Annuitant. Following the death of the Annuitant, the property of the Plan will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan to a LIRA, LIF, or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan will be paid to the person designated as beneficiary of the Plan, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.

Death of Annuitant. Following the death of the Annuitant, the property of the Plan will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan to a LIRA, LIFprescribed RIF, PRPP, or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act, or may receive the property in cash. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan will be paid to the person designated as beneficiary of the Plan, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.

Death of Annuitant. Following the death of the Annuitant, the property of the Plan will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan to a LIRALRSP, an RLSP, a LIF, an RLIF, an RPP or a life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan will be paid to the person designated as beneficiary of the Plan, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.

Death of Annuitant. Following the death of the Annuitant, the property of the Plan will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan to an LRSP, a LIRA, LIF, an RLIF or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan will be paid to the person designated as beneficiary of the Plan, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.

Death of Annuitant. Following the death of the Annuitant, the property of the Plan Fund will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan Fund to a LIRAregistered retirement savings plan, LIFa registered retirement income fund, or a life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan Fund will be paid to the person designated as beneficiary of the PlanFund, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.

Death of Annuitant. Following the death of the Annuitant, the property of the Plan will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan to a LIRALRSP, an RLSP, a LIF, an RLIF, an RPP or a life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan will be paid to the person designated as beneficiary of the Plan, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.

Death of Annuitant. Following the death of the Annuitant, the property of the Plan will be paid to the surviving Spouse of the Annuitant unless the surviving Spouse is not entitled to survivor benefits under Pension Legislation. The surviving Spouse may instruct the Trustee to transfer the property of the Plan to a LIRA, LIFprescribed RIF, or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Income Tax Act, or may receive the property in cash. If there is no surviving Spouse or where the surviving Spouse waives the spousal entitlement in the form and manner required by Pension Legislation, the property of the Plan will be paid to the person designated as beneficiary of the Plan, or if no such person has been designated, to the legal representative of the deceased Annuitant’s estate.