Contingent Life definition

Contingent Life has the meaning ascribed to such term in the Group Annuity Contract.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Contingent Life means a person listed on the Annuity Exhibits as entitled to a periodic payment following the death of the Covered Life in accordance with the related Annuity Form, or such other person who a Covered Life designates after the Annuity Commencement Date as a Contingent Life, if such designation is permitted by the related Annuity Form. A Contingent Life is not a Beneficiary as such term is used in this Contract. A Contingent Life is a third-party beneficiary of this Contract and has the rights set forth herein. A Representative of a Contingent Life shall have the rights of a Contingent Life hereunder.

Contingent Life means a person listed on the Annuity Exhibits as entitled to a periodic payment following the death of the Covered Life in accordance with a joint and survivor Annuity Form, but does not include any Beneficiary; provided that each reference to a “Contingent Life” in this Contract (other than in Section 2.9 and the Annuity Exhibits) shall be deemed to include a reference to a Beneficiary that is receiving Annuity Payments. A Contingent Life is a third-party beneficiary of this Contract and has the rights set forth herein.

Examples of Contingent Life in a sentence

Deductions will end if we receive a request (in a manner specified by us) from you (or your Contingent Life) to do so.
We will pay the last payment on the first day of the month in which such Contingent Life dies.
Whether there is any Contingent Life entitled to receive an annuity payment may change.
The amount of the payments will equal the Contingent Life Amount.
After both you and your Contingent Life die, we will determine if we owe such payment.
Beneficiary selection and changes shall take effect on the date you (or your Contingent Life) sign the change in Beneficiary form.
After you die, the Contingent Life may change Beneficiaries as described below.
We will owe additional monthly payments if your Contingent Life (as specified in the Table of Information) is your spouse and is alive when you die.
The amount we will pay your spousal Contingent Life will equal the result of multiplying two numbers.
Prudential, in determining the existence, identity, ages, or any other facts relating to any relatives of any Covered Life (or Contingent Life) or any persons designated as Beneficiaries, either as a class or otherwise, may rely solely on any affidavit or other evidence deemed satisfactory by it.

More Definitions of Contingent Life

Contingent Life means a person listed on the Annuity Exhibits as entitled to a periodic payment following the death of the Covered Life in accordance with a joint and survivor Annuity Form, but does not include any Beneficiary. A Contingent Life is not a party to this Contract and has no rights hereunder, except those expressly conferred on it in Sections 1.9 and 1.10. A Representative of a Contingent Life shall have the rights of a Contingent Life hereunder.

Contingent Life means a person listed on the Annuity Exhibits as entitled to a periodic payment following the death of the Covered Life in accordance with a joint and survivor Form of Annuity, but does not include any Beneficiary. A Contingent Life is not a party to this Contract and has no rights hereunder, except those expressly conferred on it in Section 1.9. A Representative of a Contingent Life shall have the rights of a Contingent Life hereunder.

Contingent Life means with respect to an Immediate Covered Life, a person shown on the Annuity Exhibits as entitled to receive one or more payments specified in the Annuity Exhibits following the death of the associated Covered Life. [With respect to a Deferred Covered Life, Contingent Life means the person (i) named by the Deferred Covered Life (or designated pursuant to a QDRO) as entitled to a periodic payment upon the death of the Deferred Covered Life, or (ii) entitled to payments as a Surviving Spouse Payee pursuant to Section 2.3.] The term Contingent Life does not include any Beneficiary [or Lump Sum Beneficiary] [or Refund Beneficiary]. A Contingent Life is a third-party beneficiary of this Contract and has the rights set forth herein.