AFTER THE ANNUITY COMMENCEMENT DATE. On receipt of proof of death of an Annuitant or both joint Annuitants, any remaining benefit payments under the Annuity Payment Option will be paid to the living Owner. The payments must be made at least as rapidly as under the method of distribution being used at death. If there is not a living Owner, payments will be made to the Beneficiary. If there is no Beneficiary, payments will be made to the Annuitant's estate.
Appears in 1 contract
Sources: Flexible Premium Variable Deferred Annuity Contract (Ge Life & Annuity Assurance Co Iv)
AFTER THE ANNUITY COMMENCEMENT DATE. On receipt of due proof of death death, as described in Section 2.11, of an the Annuitant or both joint Joint Annuitants, any remaining annuity benefit payments under the Annuity Payment Option will be paid to the living Owner. The payments must be made at least as rapidly as under the method of distribution being used at death. If there is not a living Ownerowner if living; otherwise, payments will be made to the Beneficiary. If there is no Beneficiary, any remaining annuity benefit payments will be made continue to the estate of the Annuitant's estate.
Appears in 1 contract
Sources: Annuity Contract (Lincoln National Variable Annuity Account H)
AFTER THE ANNUITY COMMENCEMENT DATE. On receipt of proof of death death, as described in Section 2.10, of an the Annuitant or both joint Annuitants, any remaining annuity benefit payments under the Annuity Payment Option will be paid to the living Owner. The payments must be made at least as rapidly as under the method of distribution being used at death. If there is not a living Owner, payments will be made if living, otherwise, to the Beneficiary. If there is no Beneficiary, any remaining benefit payments will be made continue to the Annuitant's estate.
Appears in 1 contract
Sources: Annuity Contract (Lincoln National Variable Annuity Account C)
AFTER THE ANNUITY COMMENCEMENT DATE. On receipt of due proof of death death, as described in Section 2.12, of an the Annuitant or both joint Joint Annuitants, any remaining annuity benefit payments under the Annuity Payment Option will be paid to the living Owner. The payments must be made at least as rapidly as under the method of distribution being used at death. If there is not a living OwnerOwner if living; otherwise, payments will be made to the Beneficiary. If there is no Beneficiary, any remaining benefit payments will be made continue to the Annuitant's estate.
Appears in 1 contract
Sources: Annuity Contract (Lincoln Life & Annuity Variable Annuity Account H)