Common use of DEATH OF BENEFICIARY Clause in Contracts

DEATH OF BENEFICIARY. If the Beneficiary dies while receiving payments from the Account, all remaining assets in the Account shall be distributed to the Successor Beneficiary at least as rapidly as distributions were required to be made to the Beneficiary under Articles 5.3(d)(i) and 5.3(d)(ii) of this Appendix. If no Successor Beneficiary is in effect at the time of the Beneficiary’s death, all remaining assets shall be distributed to the Beneficiary’s estate.

DEATH OF BENEFICIARY. If the Beneficiary dies while receiving payments from the Account, all remaining assets in benefits to which the Account Beneficiary was entitled shall be distributed to the Successor Beneficiary at least as rapidly as distributions were required to be made to the Beneficiary under Articles 5.3(d)(i§§ 5.4(a) and 5.3(d)(ii5.4(b) of this Appendix. If no Successor Beneficiary is in effect at the time of the Beneficiary’s death, all remaining assets shall be distributed to the Beneficiary’s estateabove.

DEATH OF BENEFICIARY. If the Beneficiary dies while receiving payments from the Account, all remaining assets in the Account shall be distributed to the Successor Beneficiary at least as rapidly as distributions were required to be made to the Beneficiary under Articles 5.3(d)(i) and 5.3(d)(ii) of this Appendix. If no Successor Beneficiary is in effect at the time of the Beneficiary’s death, all remaining assets shall be distributed to the Beneficiary’s estateBeneficiary’sestate.