Payment of the Death Benefit. Unless an Owner has previously designated otherwise, the death benefit may be taken in one sum immediately and the Contract will terminate. If the death benefit is not taken in one sum immediately, the entire interest in the Contract must be distributed under one of the following options:
Appears in 17 contracts
Samples: Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account a of Protective Life)
Payment of the Death Benefit. Unless an Owner has previously designated otherwise, the The death benefit may be taken in one sum immediately and the Contract will terminate. If the death benefit is not taken in one sum immediately, the entire interest in the Contract must be distributed under one of the following options:
Appears in 7 contracts
Samples: Individual Flexible Premium Deferred Annuity Contract (Protective Variable Annuity Separate Account), Individual Flexible Premium Deferred Annuity Contract (Protective Variable Annuity Separate Account), Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Annuity Account a of Protective Life)
Payment of the Death Benefit. Unless an Owner has previously designated instructs us otherwise, the Beneficiary may take the entire death benefit may be taken in one sum immediately and the Contract will terminate. If the death benefit is not taken in one sum immediately, the entire interest in the Contract must be distributed under one of the following options:
Appears in 2 contracts
Samples: Individual Single Premium Deferred Registered Index Linked Annuity Contract (Protective Life Insurance Co), Sep Ira Agreement
