We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of DEATH OF BENEFICIARY Clause in Contracts

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.

Appears in 19 contracts

Samples: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Great West Life & Annuity Insurance Co), Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny)

AutoNDA by SimpleDocs

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.

Appears in 3 contracts

Samples: Flexible Premium Variable Annuity Contract (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co), Individual Flexible Premium Variable Deferred Annuity (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co), Flexible Premium Variable Annuity (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.. ICC16-J100 6

Appears in 2 contracts

Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.. J777ny 6

Appears in 2 contracts

Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.. Ownership Provisions (continued)

Appears in 1 contract

Samples: Flexible Premium Fixed Deferred Group Annuity Master Contract (First Great West Life & Annuity Insurance Co)

AutoNDA by SimpleDocs

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.. ICC14-J465 6

Appears in 1 contract

Samples: Annuity Contract (Variable Annuity 1 Series Account)

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Request. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.. ILVA-RIA-Core 10

Appears in 1 contract

Samples: Annuity Contract (Great West Life & Annuity Insurance Co)

DEATH OF BENEFICIARY. The interest of any Beneficiary who dies before an the Owner or the Annuitant will terminate at the death of such Beneficiary and the Contingent Beneficiary, if any, will become the Beneficiary. The interest of any Beneficiary who dies at the time of, or within 30 days after, the death of an the Owner or the Annuitant will also terminate if no benefits have been paid to such Beneficiary, unless the Owner has indicated otherwise by Requestgiven us written notice of some other arrangement. The benefits will then be paid as though the Beneficiary had died before the deceased Owner or Annuitant.

Appears in 1 contract

Samples: Annuity Contract (Separate Account Va-5 of Transamerica Occidental Life Insura)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!