JOINT AND SURVIVOR INCOME FOR LIFE. We will make monthly payments jointly to two payees if both are living when the payments become payable. The Annuitant will be designated as primary payee. Full payments will continue so long as the primary payee is living. If the primary payee dies after payments begin, full payments or payments of 1/2 or 2/3, (whichever you elected when applying for this option) will continue to the other payee during his or her lifetime.
Appears in 3 contracts
Samples: Annuity Contract (Security Equity Separate Account 26), Annuity Contract (Security Equity Separate Account 26), Individual Variable Annuity Contract (General American Separate Account Twenty-Eight)
JOINT AND SURVIVOR INCOME FOR LIFE. We will make pay monthly payments installments jointly to two payees if both are living when the payments installments become payable. The Annuitant annuitant will be designated as primary payee. Full payments installments will continue so long as the primary payee is living. If the primary payee dies after payments installments begin, full payments installments or payments installments of 1/2 or 2/3, (whichever you elected when applying for this option) will continue to the other payee during his or her lifetime.
Appears in 1 contract
Samples: Tax Sheltered Group Variable Annuity Contract (General American Separate Account Two)
