DEATH OF OWNER DURING THE ANNUITY PERIOD. If the Owner or a Joint Owner, who is not the Annuitant, dies during the Annuity Period, any remaining payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the Owner's death. Upon the death of the Owner or a Joint Owner during the Annuity Period, the Beneficiary becomes the Owner.
Appears in 4 contracts
Samples: Annuity Contract (Metlife Investors Usa Separate Account A), Annuity Contract (First Metlife Investors Variable Annuity Account One), Annuity Contract (Metlife Investors Usa Separate Account A)
DEATH OF OWNER DURING THE ANNUITY PERIOD. If the Owner Owner, or a Joint Owner, who is not the Annuitant, dies during the Annuity Period, any remaining payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the such Owner's death. Upon the death of the Owner or a later surviving Joint Owner during the Annuity Period, the Beneficiary becomes the Owner.
Appears in 3 contracts
Samples: Annuity Contract (Aga Separate Account A), Annuity Contract (Ag Separate Account A), Annuity Contract (Ag Separate Account A)
DEATH OF OWNER DURING THE ANNUITY PERIOD. If the Owner Owner, or a Joint Owner, who is not the Annuitant, dies during the Annuity Period, any remaining payments under the Annuity Option elected will continue at least as rapidly as under the method of distribution in effect at the time of the such Owner's death. Upon the death of the Owner or a Joint last surviving Owner during the Annuity Period, the Beneficiary Beneficiary(ies) becomes the Owner.
Appears in 1 contract
