Common use of Form of Benefit Clause in Contracts

Form of Benefit. UNMARRIED OWNER Notwithstanding what is stated in the Annuity Payments Section of the contract to the contrary, the form of benefit for a Contract Owner who is not a Married Owner shall be a life annuity unless the Contract Owner elects an optional form of benefit.

Appears in 1 contract

Samples: Endorsement Non Transferable Annuity 401(g) (Pia Variable Annuity Account I)

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Form of Benefit. UNMARRIED OWNER Notwithstanding what is stated in the Annuity Payments Section of the contract to the contrary, the form of benefit for a Contract Owner who is not a Married Owner shall be a single life annuity unless the Contract Owner elects an optional form of benefit.

Appears in 1 contract

Samples: Endorsement Tax Deferred Annuity 403(b) (Pia Variable Annuity Account I)

Form of Benefit. UNMARRIED OWNER Unmarried Owner Notwithstanding what is stated in the Annuity Payments Section of the contract to the contrary, the form of benefit for a Contract Owner who is not a Married Owner shall be a single life annuity unless the Contract Owner elects an optional form of benefit.

Appears in 1 contract

Samples: Endorsement Tax Deferred Annuity 403(b) (Penn Mutual Variable Annuity Account Iii)

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Form of Benefit. UNMARRIED OWNER Notwithstanding what is stated in the Annuity Payments Section of the contract to the contrary, the form of benefit for a Contract Owner who is not a Married Owner shall be a life annuity unless the Contract Owner elects an optional form of benefit.

Appears in 1 contract

Samples: Endorsement Tax Deferred Annuity 403(b) (Pia Variable Annuity Account I)

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