Death of Owner During the Accumulation Period. During the Accumulation Period, the death benefit will be paid to your Beneficiary(ies) upon your death or the first death of a Joint Owner. If the Contract is owned by a non-natural person, the Annuitant will be deemed the Owner for purposes of determining the death benefit.
Appears in 4 contracts
Samples: Annuity Contract (BRIGHTHOUSE LIFE INSURANCE Co), Annuity Contract (BRIGHTHOUSE LIFE INSURANCE Co), Annuity Contract (BRIGHTHOUSE LIFE INSURANCE Co)
Death of Owner During the Accumulation Period. During Upon your death or the Accumulation Perioddeath of any joint owner during the accumulation period, the death benefit will be paid to your Beneficiary(iesthe beneficiary(ies) upon your death or the first you designated who will be treated as a new owner. Upon death of a Joint Owner. If the Contract is owned by a non-natural personjoint owner, the Annuitant surviving joint owner, if any, will be deemed treated as the Owner for purposes primary beneficiary. Any other beneficiary designation on record at the time of determining the death benefitwill be treated as a contingent beneficiary.
Appears in 3 contracts
Samples: Insurance Contract (Valley Forge Life Insurance Co Variable Annuity Separate Acc), Insurance Contract (Valley Forge Life Insurance Co Variable Annuity Separate Acc), Life Insurance Contract (Valley Forge Life Insurance Co Variable Annuity Separate Acc)
Death of Owner During the Accumulation Period. During the Accumulation Period, the The death benefit will be paid to your Beneficiary(ies) upon your death death, or the first death of a Joint Owner. If the Contract is owned by a non-natural person, the Annuitant will be deemed the Owner for purposes of in determining the death benefit. If there are Joint Owners, the age of the older Owner will be used to determine the death benefit.
Appears in 2 contracts
Samples: Annuity Contract, Annuity Contract
