SPOUSAL CONTINUATION. If the spouse of the deceased Owner is the sole surviving Beneficiary, or is the sole surviving Joint Owner, and has an unrestricted right to receive the Death Benefit proceeds in a lump sum, the spouse may choose to continue this Contract as the Owner when we receive instructions within required time frames.
Appears in 4 contracts
Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)
SPOUSAL CONTINUATION. If the spouse of the deceased Owner is the sole surviving Beneficiary, or is the sole surviving Joint Owner, and has an unrestricted right to receive the Death Benefit proceeds in a lump sum, the spouse may choose to continue this Contract as the Owner when we receive instructions within required time frames, but in no event more than one year.
Appears in 3 contracts
Samples: Contract (Separate Account a of Pacific Life & Annuity Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Contract (Separate Account a of Pacific Life & Annuity Co)
