Last Survivor definition

Last Survivor means the Annuitant alive subsequent to the death of any one of the Annuitants under Annuity Options D, E, F and I.
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Examples of Last Survivor in a sentence

  • However, if the Traditional IRA Owner’s sole Designated Beneficiary is his or her surviving spouse and such spouse is more than 10 years younger than the Traditional IRA Owner, then the distribution period is determined under the Joint and Last Survivor Table in Q&A-3 of Regulations Section 1.401(a)(9)-9, using the ages as of the Traditional IRA Owner’s and spouse’s birthdays in the year.

  • For Last Survivor policies where one life is deemed uninsurable, only the information for the other life needs to be submitted.

  • FIFTH OPTION - Joint and Last Survivor Life Annuity with Payments for a Period Certain - An annuity payable for a specified number of years and during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor.

  • Available only on Last Survivor products where the benefit will be payable for the last surviving insured if chronically ill or if both insureds are concurrently chronically ill.

  • FOURTH OPTION - Joint and Last Survivor Life Annuity - An annuity payable during the lifetimes of the Annuitant and the Joint Annuitant and thereafter during the remaining lifetime of the survivor.

  • Annuity Payments will not change, unless as described in Annuity Option 3 – Joint and Last Survivor Annuity.

  • The face amount of each new Single Life policy will equal one half of the Last Survivor policy face amount.

  • Option 4 -- Joint and Last Survivor Annuity with 10 Years of Annuity Payments Guaranteed -- We will make Annuity Payments, payable at the frequency elected, during the joint lifetime of the Annuitant and the Joint Annuitant.

  • If your spouse is your sole designated beneficiary and is more than ten years younger than you, the required minimum distribution may be calculated using the actual joint life expectancy of you and your spouse obtained from the Joint and Last Survivor Table rather than the life expectancy divisor from the Uniform Lifetime table.

  • RIDERS THAT PROVIDE ADDITIONAL BENEFITS BUT THAT ARE NOT ELIGIBLE FOR REINSURANCE: LS Exchange Option Rider: Allows a Last Survivor policy to be split into two Single Life policies, without new evidence of insurability, if divorce, business dissolution, or estate-tax repeal or reduction occurs.