FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the Beneficiary’s lifetime. Upon the Beneficiary’s death, a single sum payment equal to: (a) the death benefit under this Contract; less (b) the total of all monthly payments made to the Beneficiary since the Valid Transaction Date for paying the death benefit shall be paid to the individual or entity designated to receive such payment under this option. If such individual or entity does not survive the Beneficiary, the single sum payment shall be paid to the Beneficiary’s estate.
Appears in 5 contracts
Samples: Individual Retirement Annuity Contract Roth (Mutual of America Separate Account No 2), Individual Retirement Annuity Contract (Mutual of America Separate Account No 2), Individual Retirement Annuity Contract Sep (Mutual of America Separate Account No 2)
FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the Beneficiary’s lifetime. Upon the Beneficiary’s death, a single sum payment equal to: to (a) the death benefit under this Contract; , less (b) the total of all monthly payments made to the Beneficiary since the Valid Transaction Date for paying the death benefit shall be paid to the individual or entity designated to receive such payment under this option. If such individual or entity does not survive the Beneficiary, the single sum payment shall be paid to the Beneficiary’s estate.
Appears in 2 contracts
Samples: Tax Deferred Group Annuity Contract (Mutual of America Separate Account No 2), Group Annuity Contract Section 457 Deferred Compensation (Mutual of America Separate Account No 2)
FULL CASH REFUND ANNUITY. The Company shall make monthly payments during the Beneficiary’s lifetime. Upon the Beneficiary’s death, a single sum payment equal to: to (a) the death benefit under this the Contract; , less (b) the total of all monthly payments made to the Beneficiary since the Valid Transaction Date for paying the death benefit shall be paid to the individual or entity designated to receive such payment under this option. If such individual or entity does not survive the Beneficiary, the single sum payment shall be paid to the Beneficiary’s estate.
Appears in 1 contract
Samples: Tax Deferred Group Annuity Contract (Mutual of America Separate Account No 2)
