Spousal Continuation Option. If the Joint Owner, if any, or the Beneficiary is the spouse of the deceased Owner, he or she may elect to continue the Contract in his or her own name, at the current Contract Value, and exercise all the Owner's rights under the Contract in lieu of taking the death benefit as a lump-sum payment.
Appears in 10 contracts
Samples: Jackson National Separate Account - I, Jackson National Separate Account - I, Jackson National Separate Account - I
