Common use of ELECTION OF ANNUITY OPTION Clause in Contracts

ELECTION OF ANNUITY OPTION. The Annuity Option is chosen by you or your Beneficiary in a form satisfactory to us. We will automatically send you information about Annuity Options before your Annuity Date. If you do not choose an Annuity Option, make a full withdrawal, or ask us to continue the Contract by the Annuity Date, we will automatically pay you under Option 1- Life Annuity with Ten (10) Years of Annuity Payments Guaranteed. You may make, change, or revoke your Annuity Option choice before the death benefit becomes payable or the Annuity Date, whichever occurs first. Annuity Options You may choose to receive Annuity Payments monthly, quarterly, semi-annually, or annually. The following Annuity Options, or any other options acceptable to you and us, may be chosen: