Interest on Death Benefit Proceeds. We will pay interest on the death benefit proceeds. Interest will be paid at a rate of not less than 3% per year from the date of death until such proceeds are paid or applied under an Annuity Option.
Appears in 6 contracts
Samples: Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co)
Interest on Death Benefit Proceeds. We will pay interest on the death benefit proceeds. Interest Generally, interest will be paid at a rate of not less than 3% per year from the date of death until such proceeds are paid or applied under an Annuity Option.
Appears in 3 contracts
Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Contract (Separate Account a of Pacific Life & Annuity Co), Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)
