Common use of DEATH OF BENEFICIARY Clause in Contracts

DEATH OF BENEFICIARY. Unless otherwise provided in the Beneficiary designation, if any Beneficiary dies before the Annuitant, that Beneficiary's interest will pass to any other Beneficiaries according to their respective interests. If the Beneficiary dies while receiving any remaining Annuity Payments due after the death of the Annuitant, the value of the remainder of such Annuity Payments will be paid in one sum to the Beneficiary's estate.

Appears in 6 contracts

Samples: Annuity Contract (Lincoln National Variable Annuity Account C), Annuity Contract (Lincoln National Variable Annuity Account C), Annuity Contract (Lincoln National Variable Annuity Account C)

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DEATH OF BENEFICIARY. Unless otherwise provided in the Beneficiary designationprovided, if any Beneficiary dies before the Annuitant, that Beneficiary's his or her interest will pass to any other Beneficiaries according to their respective interests. If the Beneficiary dies while receiving any remaining Annuity Payments due after the death of the Annuitant, the value of the remainder of such Annuity Payments will be paid in one sum to the Beneficiary's estate.

Appears in 3 contracts

Samples: Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D), Variable Annuity Contract (First Investors Life Variable Annuity Fund D), Variable Annuity Contract (First Investors Life Variable Annuity Fund D)

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DEATH OF BENEFICIARY. Unless otherwise provided in the Beneficiary designationprovided, if any Beneficiary dies before the Annuitant, that Beneficiary's his or her interest will pass to any other Beneficiaries according to their respective interests. If the Beneficiary dies while receiving any remaining Annuity Payments due after the death of the Annuitant, the value of the remainder of such Annuity Payments will be paid in one sum to the Beneficiary's estate.. ANNUITY TABLES

Appears in 1 contract

Samples: Variable Annuity Contract (First Investors Life Variable Annuity Fund C)

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