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: Read Your Contract (Separate Account a of Pacific Life Insurance Co), Read Your Contract (Separate Account a of Pacific Life Insurance Co), Read Your 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: Read Your Contract (Separate Account a of Pacific Life & Annuity Co), Individual Flexible (Separate Account a of Pacific Life & Annuity Co), Read Your Contract Carefully (Separate Account a of Pacific Life & Annuity Co)
