Common use of SUCCESSIVE BENEFICIARIES Clause in Contracts

SUCCESSIVE BENEFICIARIES. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. If there is no surviving Joint Owner, and no named Beneficiary is alive at the time of an Owner’s death, any benefits payable will be paid to the Owner’s estate.

Appears in 17 contracts

Samples: Please (Variable Annuity-2 Series Account), Great West Life & Annuity Insurance Co, Variable Annuity-2 Series Account

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SUCCESSIVE BENEFICIARIES. If an Owner dies, dies and the surviving Joint joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. If there is no surviving Joint joint Owner, and no named Beneficiary is alive at the time of an Owner’s death, any benefits payable will be paid to the Owner’s estate.

Appears in 7 contracts

Samples: Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny, Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny, Variable Annuity 1 Series Account

SUCCESSIVE BENEFICIARIES. If an Owner dies, and the surviving Joint Owner is the surviving Spouse spouse of the deceased Owner, the surviving Spouse spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. If there is no surviving Joint Owner, and no named Beneficiary is alive at the time of an Owner’s 's death, any benefits payable will be paid to the Owner’s 's estate.

Appears in 2 contracts

Samples: Entire Contract (First Great West Life & Annuity Insurance Co), Variable Annuity 1 Series Account

SUCCESSIVE BENEFICIARIES. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. If ILVA-Core 10 Table of Contents there is no surviving Joint Owner, and no named Beneficiary is alive at the time of an Owner’s death, any benefits payable will be paid to the Owner’s estate.

Appears in 1 contract

Samples: Great West Life & Annuity Insurance Co

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SUCCESSIVE BENEFICIARIES. If an Owner dies, and the surviving Joint Owner is the surviving Spouse spouse of the deceased Owner, the surviving Spouse spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. If there is no surviving Joint Owner, Owner and no named Beneficiary is alive at the time of an Owner’s death, any benefits payable will be paid to the Owner’s estate.

Appears in 1 contract

Samples: Entire Contract (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)

SUCCESSIVE BENEFICIARIES. If an Owner dies, and the surviving Joint Owner is the surviving Spouse spouse of the deceased Owner, the surviving Spouse spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. If there is no surviving Joint Owner, and no named Beneficiary is alive at the time of an Owner’s death, any benefits payable will be paid to the Owner’s estate.

Appears in 1 contract

Samples: Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co

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