Death of the Annuitant. If the Owner is not the Annuitant and the Annuitant dies after the Annuitization Start Date, payments cease for lifetime payment plans. Payments continue to the Owner for the remainder of any guaranteed period or for the lifetime of a surviving joint Annuitant, if any.
Appears in 5 contracts
Samples: Deferred Variable Annuity Contract (Riversource Variable Account 10), Deferred Variable Annuity Contract (Riversource Variable Account 10), Deferred Variable Annuity Contract (Riversource of New York Variable Annuity Account)
Death of the Annuitant. If the Owner is not the Annuitant and the last surviving Annuitant dies after the Annuitization Start Date, payments cease for lifetime payment plans. Annuity Payments continue to any surviving Owners, otherwise to the Owner beneficiaries, for the remainder of any guaranteed period or for the lifetime of a surviving joint Annuitantperiod. If there is no remaining guaranteed period, if anyAnnuity Payments cease.
Appears in 1 contract
Samples: Deferred Annuity Contract (Riversource Life Insurance Co)
