Common use of Interest on Death Benefit Clause in Contracts

Interest on Death Benefit. Any Death Benefit paid under this contract from the Fixed Account will include interest from the Death Benefit Valuation Date until the Death Benefit is paid at a rate not less than that required by law. Any Death Benefit paid under this contract from the Variable Account will not include interest.

Appears in 4 contracts

Samples: Annuity Contract (Separate Account One of Northern Life Insurance Co), Annuity Contract (Separate Account One of Northern Life Insurance Co), Flexible Premium Individual Deferred Retirement Annuity Contract (Separate Account One of Northern Life Insurance Co)

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Interest on Death Benefit. Any Death Benefit death benefit paid under this contract from the Fixed Account will include interest from the Death Benefit Valuation Date until the Death Benefit death benefit is paid at a rate not less than that required by law. Any Death Benefit death benefit paid under this contract from the Variable Account will not include interest.. 13076(LA)-15 22

Appears in 1 contract

Samples: Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life)

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Interest on Death Benefit. Any Death Benefit death benefit paid under this contract from the Fixed Account will include interest from the Death Benefit death benefit Valuation Date until the Death Benefit death benefit is paid at a rate not less than that required by law. Any Death Benefit death benefit paid under this contract from the Variable Account will not include interest.

Appears in 1 contract

Samples: Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life)

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