Common use of Before Retirement Clause in Contracts

Before Retirement. To Whom Payable: If you have a spouse on your date of death, the death benefit is payable to your spouse. If do not have a spouse on your date of death, the death benefit is payable to your designated beneficiary and if there is no designated beneficiary, to your estate. Subject to any statutory restrictions you may from time to time change the beneficiary. Amount of Death Benefit:

Before Retirement. To Whom Payable: If you have a spouse on your date of death, the death benefit is payable to your spouse. If you do not have a spouse on your date of death, the death benefit is payable to your designated beneficiary and if there is no designated beneficiary, to your estate. Subject to any statutory restrictions you may from time to time change the beneficiary. Amount of Death Benefit:.