Common use of JOINT AND LAST SURVIVOR ANNUITY Clause in Contracts

JOINT AND LAST SURVIVOR ANNUITY. This is an annuity payable monthly for the lifetime of the annuitant. At the annuitant's death, payments will continue to the contingent annuitant, if living, for the remainder of the contingent annuitant's life. When the annuity is purchased, the annuitant elects what percentage (50%, 66 2/3%, or 100%) of the monthly payment will be continued to be paid to the contingent annuitant. The following also applies to this annuity option:

JOINT AND LAST SURVIVOR ANNUITY. This is an annuity Annuity payments payable monthly for the lifetime joint lifetimes of the annuitant. At the annuitant's death, payments will continue to the contingent annuitant, if living, for the remainder of the contingent annuitant's life. When the annuity is purchased, the annuitant elects what percentage (50%, 66 2/3%, or 100%) of the monthly payment will be continued to be paid to the contingent and a designated joint annuitant. The following also applies to payments end with the last payment due before the survivor's death. If this annuity option:option is elected, the contract and payments shall be the joint property of the annuitant and the designated joint annuitant.

JOINT AND LAST SURVIVOR ANNUITY. This is an annuity payable provides monthly payments to you for the lifetime of the annuitantlife. At the annuitant's deathWhen you die, payments will continue to the your contingent annuitant, if living, for the remainder of the contingent annuitant's his or her life. When You elect the annuity is purchased, the annuitant elects what percentage (50%, 66 2/3%, or 100%) of the monthly payment will be continued to be paid to that the contingent annuitant. The following also applies annuitant will continue to this annuity option:receive.