Common use of PAYMENT OF DEATH BENEFIT Clause in Contracts

PAYMENT OF DEATH BENEFIT. Within sixty (60) calendar days after LL&A receives satisfactory notification of the Participant's death, the Beneficiary must make an election to have the Death Benefit applied in one of the following ways:

Appears in 4 contracts

Samples: Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii, Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Iii, Lincoln Life & Annuity Var Ann Sep Acct L Group Var Ann Ii

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PAYMENT OF DEATH BENEFIT. Within sixty (60) calendar days after LL&A Xxxxxxx Life receives satisfactory notification of the Participant's death, the Beneficiary must make an election to have the Death Benefit applied in one of the following ways:

Appears in 3 contracts

Samples: Lincoln National Variable Annuity Acct L GRP Var Annuity Ii, Lincoln National Variable Annuity Acct L GRP Var Annuity Ii, Lincoln National Variable Annuity Acct L GRP Var Annuity Ii

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