Common use of Types of Proceeds and Method of Payment Clause in Contracts

Types of Proceeds and Method of Payment. There are various types of proceeds available under this contract. These include: · Maturity proceeds · Death proceeds · Surrender proceeds · Partial surrender proceeds · Nursing Home Benefit proceeds We will pay maturity, death or surrender proceeds either under a payment option (as described in Section 10, Payment of Proceeds) or in a lump sum. The amount of proceeds payable will vary by the type of proceeds and the form of payment selected. We will only pay partial surrender proceeds as a lump sum or under the Systematic Partial Surrender Plan described in Section 5.8. We have the right to require that this contract be returned to us when maturity, surrender or death proceeds are paid. To the extent permitted by law, proceeds will not be subject to any claims of your creditors or the beneficiary's creditors.

Types of Proceeds and Method of Payment. There are various types of proceeds available under this contract. These include: · Maturity proceeds · Death proceeds · Surrender proceeds · Partial surrender proceeds · Nursing Home Benefit proceeds We will pay maturity, death or surrender proceeds either under a payment option (as described describe in Section 10, Payment of Proceeds) or in a lump sum. The amount of proceeds payable will vary by the type of proceeds and the form of payment selected. We will only pay partial surrender proceeds as a lump sum or under the Systematic Partial Surrender Plan described in Section 5.85.7. We have the right to require that this contract be returned to us when maturity, surrender or death proceeds are paid. To the extent permitted by law, proceeds will not be subject to any claims of your creditors or the beneficiary's creditors.

Types of Proceeds and Method of Payment. There are various types of proceeds available under this contract. These include: · : (1) Maturity proceeds · proceeds (2) Death proceeds · proceeds (3) Surrender proceeds · proceeds (4) Partial surrender proceeds · Nursing Home Benefit proceeds We will pay maturity, death or surrender proceeds either under a payment option (as described in Section 10, Payment of Proceeds) or in a lump sum. The amount of proceeds payable will vary by the type of proceeds and the form of payment selected. We will only pay partial surrender proceeds as a lump sum or under the Systematic Partial Surrender Plan described in Section 5.85.7. We have the right to require that this contract be returned to us when maturity, surrender or death proceeds are paid. To the extent permitted by law, proceeds will not be subject to any claims of your creditors or the beneficiary's ’s creditors.