Common use of RMDs upon Owner’s Death Clause in Contracts

RMDs upon Owner’s Death. Upon the Owner’s death, RMDs shall be made under the Contract in accordance with this Section B.9 and Code Section 401(a)(9) (and other Code provisions and Regulations relating thereto). Accordingly, selection of any annuity or other distribution option described in the Contract (or offered by the Company) that does not satisfy the requirements of this Section B.9 or Code Section 401(a)(9) shall not be permitted.