Common use of Survivorship Annuity Clause in Contracts

Survivorship Annuity. The monthly annuity shall be payable to the annuitant for as long as the annuitant lives. After the death of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of the annuitant's monthly annuity shall be paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election of this option is automatically cancelled if either the Participant or the contingent annuitant dies before the Annuity Commencement Date.

Appears in 10 contracts

Samples: Custodial Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust), Employer Sponsored Qualified Variable Annuity Contract (Aul American Unit Trust)

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Survivorship Annuity. The A monthly annuity shall be is payable to the annuitant for as long as the annuitant lives. After the death annuitant's death, all or a portion of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of the annuitant's monthly annuity shall be is paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election If a certain period annuity is available, the certain period may not extend beyond the life expectancy of this option is automatically cancelled if either the a Participant or the joint life expectancy of a Participant and any contingent annuitant dies before annuitant, as determined on the Annuity Commencement Date.

Appears in 6 contracts

Samples: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust), Tda Contract (Aul American Unit Trust)

Survivorship Annuity. The A monthly annuity shall be is payable to the annuitant for as long as the annuitant lives. After the death annuitant's death, all or a portion of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of the annuitant's monthly annuity shall be is paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election No annuity may have a certain period extending beyond the life expectancy of this option is automatically cancelled if either the a Participant or the joint life expectancy of a Participant and any contingent annuitant dies before annuitant, as determined on the Annuity Commencement Date.

Appears in 4 contracts

Samples: Insurance Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust)

Survivorship Annuity. The A monthly annuity shall be is payable to the annuitant for as long as the annuitant lives. After the death annuitant's death, all or a portion of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of the annuitant's monthly annuity shall be is paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election of this option is automatically cancelled if either the Participant No annuity may have a certain period extending beyond your life expectancy or the joint life expectancy of you and your contingent annuitant dies before annuitant, as determined on the Annuity Commencement Date.

Appears in 2 contracts

Samples: Insurance Contract (Aul American Unit Trust), Insurance Contract (Aul American Unit Trust)

Survivorship Annuity. The monthly annuity shall be payable to the annuitant for as long as the annuitant lives. After the death of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of the annuitant's monthly annuity shall be paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election of this option is automatically cancelled if either the Participant or the contingent annuitant dies before the Annuity Commencement Date.

Appears in 2 contracts

Samples: Voluntary Contract (Aul American Unit Trust), Ira Non Custodial Contract (Aul American Unit Trust)

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Survivorship Annuity. The monthly annuity shall be payable to the annuitant for as long as the annuitant lives. After the death of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of the annuitant's monthly annuity shall be paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election of this option is automatically cancelled if either the Participant or the contingent annuitant dies before the Annuity Commencement Dateannuity commencement date.

Appears in 1 contract

Samples: DCP Contract (Aul American Unit Trust)

Survivorship Annuity. The monthly annuity shall be payable to the annuitant for as long as the annuitant lives. After the death of the annuitant, a portion (all, 2/3, or 1/2, as specified in the election) of P-12622-7 the annuitant's monthly annuity shall be paid to the contingent annuitant named in the election for as long as the contingent annuitant lives. An election of this option is automatically cancelled if either the Participant or the contingent annuitant dies before the Annuity Commencement Date.

Appears in 1 contract

Samples: Employer Sponsored Contract (Aul American Unit Trust)

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