DEATH ON OR AFTER THE ANNUITY COMMENCEMENT. DATE If the Contract Owner dies, and the Annuitant is living, the designated Beneficiary will become the Contract Owner. If the Annuitant dies, the Contract Owner will be the Beneficiary. If a Death Benefit is triggered, the rights of the designated Beneficiary are voided. If the Annuitant who is also the Contract Owner dies, the designated Beneficiary will be the Beneficiary. The Death Benefit will be calculated as of the date We receive written notification of Due Proof of Death as in the manner described in the settlement option then in effect.
Appears in 5 contracts
Samples: Individual Flexible Premium Variable Annuity Contract (Itt Hartford Life & Annuity Insurance Co Separate Account On), Individual Flexible Premium Variable Annuity Contract (Hartford Life Insurance Co Separate Account Three), Individual Flexible Premium Variable Annuity Contract (Hartford Life Insurance Co Thomson McKinnon Separate Acct)
