Spousal Beneficiaries. If the sole primary Beneficiary is the deceased Owner’s “spouse” (as defined by federal law), upon Notice to Us from your surviving spouse, in lieu of receiving the Death Benefit, the Contract may be continued with the surviving spouse as the new Owner, pursuant to Section 72(s) of the Code and the following will apply:
Appears in 3 contracts
Samples: Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Insurance Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Life Insurance Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co)
Spousal Beneficiaries. If the sole primary Beneficiary is the deceased Owner’s “spouse” (spouse as defined by federal law), upon Notice to Us from your surviving spouse, in lieu of receiving the Death BenefitUs, the Contract may be continued with the surviving spouse as the new Owner, pursuant to Section 72(s) of the Code and the following will apply:
Appears in 1 contract
Samples: Annuity Contract (Separate Account B of Ing Usa Annuity Life Insurance Co)
