Common use of Death of Owner Clause in Contracts

Death of Owner. If any Owner who is not the Annuitant dies and there are remaining annuity payments, payments will continue, and the Owner’s Contract rights will Transfer per the Line of Succession provision.

Appears in 7 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Contract (Separate Account a of Pacific Life & Annuity Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

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Death of Owner. If any Owner an Owner, who is not the Annuitant Annuitant, dies and there are remaining annuity payments, payments will continue, and the Owner’s Contract rights will Transfer transfer per the Line of Succession provision.

Appears in 1 contract

Samples: Insurance Contract (Pacific Life Insurance Co)

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