Your estate. All other benefits will be paid directly to You, unless otherwise directed. Any accrued benefits unpaid at Your death will be paid to Your estate. If You have assigned Your benefits, we will honor the assignment if a signed copy has been filed with us. We are not responsible for the validity of any assignment. All or a portion of all benefits provided by the policy may, at Our option, be paid directly to the provider of the service(s) to You. All benefits not paid to the provider will be paid to You. If any benefit is payable to: (a) an Insured who is a minor or otherwise not able to give a valid release; or (b) Your estate, We may pay any amount due under the policy to Your beneficiary or any relative whom We find entitled to the payment. Any payment made in good faith shall fully discharge Us to any party to the extent of such payment. If You paid for the cost of Your Trip for Yourself, as well as other travelers and incurred a covered loss, benefits will be paid directly to You, unless otherwise directed.
Your estate. If a Beneficiary survives You but dies before the Death Benefit is paid, the estate of such Beneficiary is entitled to the Death Benefit that would otherwise have been paid to such Beneficiary.
Your estate. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s(ies’) lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary(ies) files with us will cancel all previous ones. The consent of a successor beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original Xxxx XXX beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.
