Death of the Annuitant. If the Annuitant is a person other than the Owner and the Owner is an individual, and if the Annuitant dies before the Annuity Date, a new Annuitant may be named by the Owner. If no new Annuitant is named within sixty (60) days of Our receipt of proof of death, the Owner will be the new Annuitant. If the Annuitant dies after the Annuity Date, the remaining payments, if any, will be as specified in the Annuity Option elected. We will require proof of the Annuitant's death. Death benefits, if any, will be paid to the designated Beneficiary at least as rapidly as under the method of distribution in effect at the Annuitant's death.
Appears in 8 contracts
Samples: Annuity Contract (Variable Separate Account Nine), Annuity Contract (Variable Separate Account Nine), Annuity Contract (Variable Separate Account Nine)
Death of the Annuitant. If the Annuitant is a person other than the Owner and the Owner is an individualOwner, and if the Annuitant dies before the Annuity Date, a new Annuitant may be named by the Owner. If no new Annuitant is named within sixty (60) days of Our receipt of proof of death, the Owner will be the new Annuitant. If the Annuitant dies after the Annuity Date, the remaining payments, if any, will be as specified in the Annuity Option elected. We will require proof of the Annuitant's death. Death benefits, if any, will be paid to the designated Beneficiary at least as rapidly as under the method of distribution in effect at the Annuitant's death.. ------------------------------------------------------------------------------- SURRENDER PROVISIONS
Appears in 1 contract
Samples: Individual Variable Annuity Policy (Variable Account a American Intl Life Assur Co of New York)
Death of the Annuitant. If the Annuitant is a person other than the Owner and the Owner is an individualOwner, and if the Annuitant dies before the Annuity Date, a new Annuitant may be named by the Owner. If no new Annuitant is named within sixty (60) days of Our receipt of proof of death, the Owner will be the new Annuitant. If the Annuitant dies after the Annuity Date, the remaining payments, if any, will be as specified in the Annuity Option elected. We will require proof of the Annuitant's death. Death benefits, if any, will be paid to the designated Beneficiary at least as rapidly as under the method of distribution in effect at the Annuitant's death.
Appears in 1 contract
Samples: Variable Annuity Contract (Variable Account I of Aig Life Ins Co)
Death of the Annuitant. If the Annuitant is a person other than the Owner and the Owner is an individualOwner, and if the Annuitant dies before the Annuity Date, a new Annuitant may be named by the Owner. If no new Annuitant is named within sixty (60) days of Our receipt of proof of death, the Owner will be the new Annuitant. If the Annuitant dies after the Annuity Date, the remaining payments, if any, will be as specified in the Annuity Option elected. We will require proof of the Annuitant's death. Death benefits, if any, will be paid to the designated Beneficiary at least as rapidly as under the method of distribution in effect at the Annuitant's death.. DEATH BENEFIT (Continued)
Appears in 1 contract
Samples: Life Insurance Policy (Variable Account I of Aig Life Ins Co)
