Common use of PAYMENT OF DEATH BENEFIT Clause in Contracts

PAYMENT OF DEATH BENEFIT. On the death of the Annuitant, payment shall be made in accordance with the Annuity option provisions described in the Contract or as provided for by the Plan. However, selection of an annuity option that does not satisfy the conditions of this Section 6 shall not be permitted.

Appears in 5 contracts

Samples: Qualified Pension Plan Rider (Separate Account a of Pacific Mutual Life Ins Co), Pension Plan Rider (Pacific Select Variable Annuity Separate Account), Qualified Pension Plan Rider (Separate Account a of Pacific Life Insurance Co)

AutoNDA by SimpleDocs

PAYMENT OF DEATH BENEFIT. On the death of the Annuitant, payment shall be made in accordance with the Annuity option provisions described in the Contract or as provided for by the Plan. However, selection of an annuity option that does not satisfy the conditions of this Section 6 4 set out below shall not be permitted.

Appears in 1 contract

Samples: Qualified Pension Plan Rider (Separate Account a of Pacific Life & Annuity Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!