Common use of Certain and Life Annuity Clause in Contracts

Certain and Life Annuity. Monthly income payable for the life of the ------------------------ annuitant with the provision that if the annuitant should die after commencement of payments, but before the end of a certain period of 60, 120, or 180 months, as elected, payments will be continued for the remainder of certain period to a designated beneficiary; PROVIDED, however, that the certain period election shall not extend beyond any applicable limit imposed by law.

Appears in 1 contract

Sources: Group Variable Annuity Contract (Standard Insurance Co)

Certain and Life Annuity. Monthly income payable for the life of the ------------------------ annuitant with the provision that if the annuitant should die after commencement of payments, but before the end of a certain period of 60, 120, or 180 months, as elected, payments will be continued for the remainder of certain period to a designated beneficiary; PROVIDED, however, that the certain period election shall not extend beyond any applicable limit imposed by law.

Appears in 1 contract

Sources: Group Variable Annuity Contract (Standard Insurance Co)