Common use of Life Income Clause in Contracts

Life Income. We will pay an income during a person's lifetime. A minimum guaranteed period may be used, as shown in the Option D table. Payments will be in an amount we determine, but not less than shown in the table. If you die after annuity payments begin and before the end of the minimum guaranteed period (if applicable), the remaining payments will be paid to the beneficiary named under your Benefit Option.

Appears in 4 contracts

Samples: Insurance Contract (Principal Mutual Life Insurance Company Separate Account B), Insurance Contract (Principal Mutual Life Insurance Company Separate Account B), Variable Annuity Contract (Principal Mutual Life Insurance Company Separate Account B)

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