Common use of Xxxxxxxxx Death Clause in Contracts

Xxxxxxxxx Death. When we have due proof that the Annuitant died before the Annuity Commencement Date, we will provide the death proceeds to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate of interest currently paid by us on proceeds left under the Guaranteed Payment Option 1, Interest Payments, from the date of death, in connection with the death claim of this contract to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated, the owner or owner's estate will become the beneficiary. a) Beneficiary is the deceased Xxxxxxxxx's surviving spouse. The beneficiary may elect to continue this contract as owner and Annuitant rather than receiving the death proceeds. If the contract is continued, an amount equal to the excess, if any, of the Guaranteed Minimum Death Benefit over the Account Value will then be added to the Account Value. This is a one-time only Account Value adjustment applied at the time the contract is continued, and the Guaranteed Minimum Death Benefit will continue on as applicable. If the contract is continued, all current surrender charges will be waived. If this beneficiary elects to have the death proceeds paid, the death proceeds must be distributed: (1) by the end of 5 years after the date of the deceased Xxxxxxxxx's death, or (2) payments must begin no later than one year after the deceased Xxxxxxxxx's death and must be made for a period certain or for this beneficiary's lifetime, so long as any period certain does not exceed this beneficiary's life expectancy. In 1035 exchanges where there are joint Annuitants, the death proceeds will only be payable upon the death of the surviving Annuitant.

Xxxxxxxxx Death. When we have due proof that the Annuitant died before the Annuity Commencement Date, we will provide the death proceeds to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate of interest currently paid by us on proceeds left under the Guaranteed Payment Option 1set forth in Section 9, Interest PaymentsA, above from the date of death, in connection with the death claim of this contract to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated, the owner Owner or owner's Owner’s estate will become the beneficiary. a) Beneficiary When the beneficiary is the deceased Xxxxxxxxx's ’s surviving spouse. The beneficiary may elect to continue this contract policy as owner Owner and Annuitant rather than receiving the death proceeds. If the contract policy is continued, an amount equal to the excess, if any, of the Guaranteed Minimum Death Benefit (if any) over the Account Policy Value will then be added to the Account ValuePolicy Value pro rata according to the amount of Policy Value in each Investment Option at that time. This is a one-time only Account Policy Value adjustment applied at the time the contract policy is continued, and the Guaranteed Minimum Death Benefit previously selected will continue on as applicable. If no election is received from the contract is continuedspouse following the Annuitant’s death, all current surrender charges the policy will be waived. continued with the surviving spouse as the Owner and Annuitant If this the beneficiary elects to have the death proceeds paidpaid rather than continue the policy, the death proceeds must be distributed pursuant to subsections b)(1) and (2) below, b) When the beneficiary is an individual who is not the deceased Annuitant’s surviving spouse. The death proceeds must be distributed: (1) by the end of 5 years after the date of the deceased Xxxxxxxxx's ’s death, or or (2) payments must begin no later than one year after the deceased Xxxxxxxxx's Annuitant’s death and must be made for a period certain or for this beneficiary's ’s lifetime, so long as any period certain does not exceed this beneficiary's ’s life expectancyexpectancy (as defined by the Internal Revenue Code and regulations adopted under that Code). Election of this option must be made at least 60 days prior to the one year anniversary of the Annuitant’s death. c) When the beneficiary is not a natural person. The death proceeds may be paid in a lump sum or must be distributed within 5 years after the Annuitant’s death. In 1035 exchanges where there are joint Annuitants, the death proceeds will only be payable upon the death of the surviving Annuitant, subject to the distribution rules described in section II.

Xxxxxxxxx Death. When we have due proof that the Annuitant annuitant died before the Annuity Commencement Dateannuity 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 paid by us on proceeds left under being credited to the Guaranteed Payment Option 1, Interest Payments, fixed account from the date of death, in connection with the death claim of this contract policy to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designateddesignated and there is no surviving owner, the owner or owner's ’s estate will become the beneficiary. a) Beneficiary When the beneficiary is the deceased Xxxxxxxxx's annuitant’s surviving spouse. The beneficiary may elect to continue this contract policy as owner and Annuitant annuitant rather than receiving the death proceeds. If the contract policy is continued, an amount equal to the excess, if any, of the Guaranteed Minimum Death Benefit guaranteed minimum death benefit over the Account Value policy value will then be added to the Account Valuepolicy value pro rata according to the amount of policy value in each investment option at that time. This is a one-time only Account Value policy value adjustment applied at the time the contract policy is continued, and the Guaranteed Minimum Death Benefit guaranteed minimum death benefit previously selected will continue on as applicable. If the contract policy is continued, all current surrender charges will be waived; however, any premium received after the deceased annuitant’s death will be subject to any applicable surrender charges. If this the beneficiary elects to have the death proceeds paidpaid rather than continue the policy, the death proceeds must be distributed pursuant to subsections (b)(1) and (2) below. b) When the beneficiary is an individual who is not the deceased annuitant’s surviving spouse. The death proceeds must be distributed: (1) by the end of 5 years after the date of the deceased Xxxxxxxxx's annuitant’s death, or ; or (2) payments (either as annuity payments or partial withdrawals) must begin no later than one year after the deceased Xxxxxxxxx's annuitant’s death and must be made for a period certain or for this beneficiary's ’s lifetime, so long as any period certain does not exceed this beneficiary's ’s life expectancyexpectancy (as defined by the Internal Revenue Code and regulations adopted under that Code). In 1035 exchanges where there are joint Annuitants, Election of this option must be made at least 60 days prior to the one year anniversary of the annuitant’s death. c) When the beneficiary is not a natural person. The death proceeds will only must be payable upon distributed within 5 years after the death of the surviving Annuitantannuitant’s death.

Xxxxxxxxx Death. When we have due proof that the Annuitant annuitant died before the Annuity Commencement Dateannuity 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 paid by us on proceeds left under the Guaranteed Payment Option 1, Interest Payments, from the date of death, in connection with the death claim of this contract to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designateddesignated and there is no surviving owner, the owner or owner's ’s estate will become the beneficiary. a) Beneficiary When the beneficiary is the deceased Xxxxxxxxx's annuitant’s surviving spouse. The beneficiary may elect to continue this contract policy as owner and Annuitant annuitant rather than receiving the death proceeds. If the contract policy is continued, an amount equal to the excess, if any, of the Guaranteed Minimum Death Benefit guaranteed minimum death benefit over the Account Value policy value will then be added to the Account Valuepolicy value pro rata according to the amount of policy value in each Investment Option at that time. This is a one-–time only Account Value policy value adjustment applied at the time the contract policy is continued, and the Guaranteed Minimum Death Benefit guaranteed minimum death benefit previously selected will continue on as applicable. If the contract is continued, all current surrender charges will be waived. If this beneficiary elects to have the death proceeds paidpaid rather than continue the policy, the death proceeds must be distributed pursuant to subsections b)(1) and (2) below. b) When the beneficiary is an individual who is not the deceased annuitant’s surviving spouse. The death proceeds must be distributed: (1) by the end of 5 years after the date of the deceased Xxxxxxxxx's annuitant’s death, or ; or (2) payments must begin no later than one year after the deceased Xxxxxxxxx's annuitant’s death and must be made for a period certain or for this beneficiary's ’s lifetime, so long as any period certain does not exceed this beneficiary's ’s life expectancyexpectancy (as defined by the Internal Revenue Code and regulations adopted under that Code). In 1035 exchanges where there are joint Annuitants, Election of this option must be made at least 60 days prior to the one year anniversary of the annuitant’s death. c) When the beneficiary is not a natural person. The death proceeds will only must be payable upon distributed within 5 years after the death of the surviving Annuitantannuitant’s death.

Xxxxxxxxx Death. When we have due proof that the Annuitant died before the Annuity Commencement Date, we will provide the death proceeds to the beneficiary. Interest upon the death proceeds paid will be computed daily at the rate of interest currently paid by us on proceeds left under the Guaranteed Payment Option 1, Interest Payments, from the date of death, in connection with the death claim of this contract to the date of payment and will be considered a part of the total sum paid. If no beneficiary is designated, the owner or owner's estate will become the beneficiary. a) Beneficiary is the deceased Xxxxxxxxx's surviving spouse. The beneficiary may elect to continue this contract as owner and Annuitant rather than receiving the death proceeds. If the contract is continued, an amount equal to the excess, if any, of the Guaranteed Minimum Death Benefit over the Account Value will then be added to the Account Value. This is a one-time only Account Value adjustment applied at the time the contract is continued, and the Guaranteed Minimum Death Benefit will continue on as applicable. If the contract is continued, all current surrender charges will be waived. If this beneficiary elects to have the death proceeds paid, the death proceeds must be distributed: (1) by the end of 5 years after the date of the deceased Xxxxxxxxx's death, or (2) payments must begin no later than one year after the deceased Xxxxxxxxx's death and must be made for a period certain or for this beneficiary's lifetime, so long as any period certain does not exceed this beneficiary's life expectancy. In 1035 exchanges where there are joint Annuitants, the death proceeds will only be payable upon the death of the surviving Annuitant.