Common use of Withdrawal After Death of Annuitant Clause in Contracts

Withdrawal After Death of Annuitant. a) If the Annuitant was a Pension Plan Member: If You were a Pension Plan Member and You die before the Locked-In Funds are used to purchase an Annuity We will pay the Locked-In Funds: i) to Your Survivor, if You have a Survivor at the date of death by: A. transferring the Locked-In Funds to a Pension Plan or a plan referred to in 26(5) of the Federal Pension Act; B. transferring the Locked-In Funds to another Restricted LSP or to a Locked-In RSP; C. transferring the Locked-In Funds to a LIF or to a Restricted LIF; or D. using the Locked-In Funds to purchase an Annuity. ii) if paragraph (i) does not apply, to the beneficiary(ies) designated by You in accordance with the RRSP Application Form and the Plan Document; or iii) if paragraph (i) does not apply and You did not designate a beneficiary, to Your estate. Before We make any payment after Your death, We are entitled to receive, in a form acceptable to Us: iv) evidence as to whether or not You had a Survivor at the date of Your death; v) if there was a Survivor on that date, Survivor’s name; and vi) any other documents We may require in accordance with the Plan Document. b) Where Annuitant is a Non-Pension Plan Member: If You are a Non-Pension Plan Member as indicated on the first page of this Agreement, and You die before the Locked-In Funds are used to purchase an Annuity, then subsection 3(a) above does not apply. Instead, We will administer the Locked-In Funds in accordance with the terms of the Plan Document.

Withdrawal After Death of Annuitant. a) If the Annuitant was a Pension Plan Member: If You were a Pension Plan Member and You die before the Locked-In Funds are used to purchase an Annuity We will pay the Locked-In Funds: i) to Your Survivor, if You have a Survivor at the date of death by: A. transferring the Locked-In Funds to a Pension Plan or a plan referred to in subsection 26(5) of the Federal Pension Act; B. transferring the Locked-In Funds to another Restricted LSP or to a Locked-In RSP; C. transferring the Locked-In Funds to a LIF or to a Restricted LIF; or D. using the Locked-In Funds to purchase an Annuity. ii) if paragraph (i) does not apply, to the beneficiary(ies) designated by You in accordance with the RRSP Application Form and the Plan Document; or iii) if paragraph (i) does not apply and You did not designate a beneficiary, to Your estate. Before We make any payment after Your death, We are entitled to receive, in a form acceptable to Us: iv) evidence as to whether or not You had a Survivor at the date of Your death; v) if there was a Survivor on that date, the Survivor’s name; and vi) any other documents We may require in accordance with the Plan Document. b) Where Annuitant is a Non-Pension Plan Member: If You are a Non-Pension Plan Member as indicated on the first page of this Agreement, and You die before the Locked-In Funds are used to purchase an Annuity, then subsection 3(a) above does not apply. Instead, We will administer the Locked-In Funds in accordance with the terms of the Plan Document.

Withdrawal After Death of Annuitant. a) If the Annuitant was a Pension Plan Member: If You were a Pension Plan Member and You die before the Locked-In Funds are used to purchase an Annuity We will pay the Locked-In Funds: i) to Your Survivor, if You have a Survivor at the date of death by: A. transferring the Locked-In Funds to a Pension Plan or a plan referred to in 26(5) of the Federal Pension Act; B. transferring the Locked-In Funds to another Restricted LSP or to a Locked-In RSP; C. transferring the Locked-In Funds to a LIF or to a Restricted LIF; or D. using the Locked-In Funds to purchase an Annuity. ii) if paragraph (i) does not apply, to the beneficiary(ies) designated by You in accordance with the RRSP Application Form and the Plan Document; or iii) if paragraph (i) does not apply and You did not designate a beneficiary, to Your estate. Before We make any payment after Your death, We are entitled to receive, in a form acceptable to Us: iv) evidence as to whether or not You had a Survivor at the date of Your death; v) if there was a Survivor on that date, the Survivor’s name; and vi) any other documents We may require in accordance with the Plan Document. b) Where Annuitant is a Non-Pension Plan Member: If You are a Non-Pension Plan Member as indicated on the first page of this Agreement, and You die before the Locked-In Funds are used to purchase an Annuity, then subsection 3(a) above does not apply. Instead, We will administer the Locked-In Funds in accordance with the terms of the Plan Document.

Withdrawal After Death of Annuitant. a) If the Annuitant was a Pension Plan Member: If You were a Pension Plan Member and You die before the Locked-In Funds are used to purchase an Annuity We will pay the Locked-In Funds: i) to Your Survivor, if You have a Survivor at the date of death by: A. transferring the Locked-In Funds to a Pension Plan Locked-In RSP or to a plan referred to in 26(5) of the Federal Pension ActRestricted LSP; B. transferring the Locked-In Funds to another Restricted LSP or to a Locked-In RSP; C. transferring the Locked-In Funds to a LIF or to a Restricted LIF; or D. C. using the Locked-In Funds to purchase an Annuity. ii) if paragraph (i) does not apply, to the beneficiary(ies) designated by You in accordance with the RRSP RRIF Application Form and the Plan Document; or iii) if paragraph (i) does not apply and You did not designate a beneficiary, to Your estate. Before We make any payment after Your death, We are entitled to receive, in a form acceptable to Us: iv) evidence as to whether or not You had a Survivor at the date of Your death; v) if there was a Survivor on that date, Survivor’s name; and vi) any other documents We may require in accordance with the Plan Document. b) Where Annuitant is a Non-Pension Plan Member: If You are a Non-Pension Plan Member as indicated on the first page of this Agreement, and You die before the Locked-In Funds are used to purchase an Annuity, then subsection 3(a4(a) above does not apply. Instead, We will administer the Locked-In Funds in accordance with the terms of the Plan Document.