Common use of Death of the Annuitant Clause in Contracts

Death of the Annuitant. On the death of the Annuitant, the funds in the LIF shall be paid to the survivor of the Annuitant by: a) transferring the funds to another LIF or to a Restricted LIF; b) using the funds to purchase an Life Annuity; or c) transferring the funds to a Locked-In RRSP.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

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Death of the Annuitant. On the death of the Annuitant, the funds in the LIF Fund shall be paid to the survivor of the Annuitant by: a) transferring the funds to another Restricted LIF or to a Restricted LIF; , b) using the funds to purchase an Life Annuity; or c) transferring the funds to a Locked-In in RRSP or to a Restricted Locked-in RRSP., or

Appears in 2 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions

Death of the Annuitant. On the death of the Annuitant, the funds in the LIF Fund shall be paid to the survivor of the Annuitant Survivor by: a) transferring the funds to another Restricted LIF or to a Restricted LIF; , b) using the funds to purchase an Life Annuity; or c) transferring the funds to a Locked-In in RRSP or to a Restricted Locked- in RRSP, or c) using the funds to purchase a Life Annuity.

Appears in 1 contract

Samples: Restricted Life Income Fund Addendum

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Death of the Annuitant. On the death of the Annuitant, the funds in the LIF Fund shall be paid to the survivor of the Annuitant Survivor by: a) transferring the funds to another LIF or to a Restricted LIF; b) using the funds to purchase an Life Annuity; or c) transferring the funds to a Locked-In in RRSP; or c) using the funds to purchase a Life Annuity.

Appears in 1 contract

Samples: Life Income Fund Addendum

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