Xxxxxxxxx Death. When We have due proof that the Annuitant died before the Annuity Commencement Date, the death proceeds are payable to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate currently being credited to the Fixed Account from the date of death, in connection with the death claim of this policy to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated and there is no surviving owner, the owner's estate will become the beneficiary.
Appears in 1 contract
Samples: Separate Account Va Qny
Xxxxxxxxx Death. When We we have due proof that the Annuitant died before the Annuity Commencement Date, we will provide the death proceeds are payable to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate currently being credited to the Fixed Account set forth in Section 9, A, above from the date of death, in connection with the death claim of this policy to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated and there is no surviving ownerdesignated, the owner's Owner or Owner’s estate will become the beneficiary.
Appears in 1 contract
Samples: Separate Account VA PP
Xxxxxxxxx Death. When We we have due proof that the Annuitant died before the Annuity Commencement Date, we will provide the death proceeds are payable to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate currently being credited to the Fixed Account from the date of death, in connection with the death claim of this policy to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated and there is no surviving ownerdesignated, the owner or owner's estate will become the beneficiary.
Appears in 1 contract
Samples: Separate Account Va-2l of Transamerica Occidental Life Ins C
Xxxxxxxxx Death. When We we have due proof that the Annuitant died before the Annuity Commencement Date, we will provide the death proceeds are payable to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate of interest currently being credited to paid by us on proceeds left under the Fixed Account Guaranteed Payment Option 1, Interest Payments, from the date of death, in connection with the death claim of this policy contract to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated and there is no surviving ownerdesignated, the owner or owner's estate will become the beneficiary.
Appears in 1 contract
Samples: Separate Account Va 2lny of First Transamerica Life Ins Co