DEATH PRIOR TO ANNUITY COMMENCEMENT DATE. Payment of death proceeds depends upon the relationships between the Owner, Annuitant, and beneficiary as outlined below. If there are surviving Owners, the surviving Owners automatically take the place of any beneficiary designation.
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Samples: Annuity Policy (Separate Account Va N), Annuity Policy (Separate Account VA QQ), Annuity Policy (Separate Account VA QQ)
DEATH PRIOR TO ANNUITY COMMENCEMENT DATE. Payment of death proceeds depends upon the relationships between the Ownerowner, Annuitantannuitant, and beneficiary as outlined below. If there are surviving Ownersowners, the surviving Owners owners automatically take the place of any beneficiary designation.
Appears in 3 contracts
Samples: Annuity Contract (Separate Account Va Gny), Annuity Contract (Separate Account VA YNY), Annuity Contract (Separate Account Va Hny)
DEATH PRIOR TO ANNUITY COMMENCEMENT DATE. Payment of death proceeds depends upon on the relationships between the Ownerowner, Annuitantannuitant, and beneficiary as outlined below. If there are surviving Ownersowners, the surviving Owners owners automatically take the place of any beneficiary designation.
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DEATH PRIOR TO ANNUITY COMMENCEMENT DATE. Payment of death proceeds depends upon on the relationships between the Ownerowner, Annuitantannuitant, and beneficiary as outlined below. If there are surviving Ownersowners, the surviving Owners owners automatically take the place of any designated beneficiary designationor beneficiaries. Where there are joint annuitants, the death proceeds become payable only upon the death of the surviving annuitant subject to the distribution requirements under Subsection C.II. below.
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