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: Aul American Unit Trust, Aul American Unit Trust, 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: Aul American Unit Trust, Aul American Unit Trust, 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: Aul American Unit Trust, 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 Dateannuity commencement date.

Appears in 1 contract

Samples: 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 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: 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.. (d)

Appears in 1 contract

Samples: Aul American Unit Trust

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