Death of the Beneficiary. If a beneficiary elects an Annuity Payment plan as provided under the Payment Options provision and dies after payments begin, payments continue to beneficiaries named by the deceased beneficiary as provided under the Change of Beneficiary provision for the remainder of any guaranteed period. In any event, amounts remaining payable must be paid at least as rapidly as payments were being made at the time of such death.
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 Beneficiary. If a beneficiary elects an Annuity Payment plan as provided under the Payment Options provision and dies after payments begin, payments Annuity Payments continue to beneficiaries named by the deceased beneficiary as provided under the Change of Beneficiary provision for the remainder of any guaranteed period. In any event, amounts remaining payable must be paid at least as rapidly as payments were being made at the time of such death.
Appears in 1 contract
Samples: Deferred Annuity Contract (Riversource Life Insurance Co)
