Common use of Contract Continuation Clause in Contracts

Contract Continuation. Except as provided in the Termination provision, this contract does not require continuing Purchase Payments and will automatically continue as a paid-up contract during the lifetime of the Annuitant until the Maturity Date, or until it is surrendered. -------------------------------------------------------------------------------- DEATH BENEFIT PROVISIONS -------------------------------------------------------------------------------- DEATH OF ANNUITANT A death benefit is payable to the Beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent annuitant surviving. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the Beneficiary the death benefit in a single sum as described below upon receiving Due Proof of Death. A Beneficiary may request that a death benefit payable under this contract be applied to a Settlement Option subject to the provisions of this contract and the current tax laws.

Appears in 2 contracts

Sources: Insurance Contract (Travelers Separate Account Nine for Variable Annuities), Annuity Contract (Travelers Separate Account Ten for Variable Annuities)

Contract Continuation. Except as provided in the Termination provision, this contract Contract does not require continuing Purchase Payments and will automatically continue as a paid-up contract Contract during the lifetime of the Annuitant until the Maturity Date, or until it is surrendered. -------------------------------------------------------------------------------- ================================================================================ DEATH BENEFIT PROVISIONS -------------------------------------------------------------------------------- ================================================================================ DEATH OF ANNUITANT A death benefit is payable to the Beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent annuitant Contingent Annuitant surviving. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the Beneficiary the death benefit in a single sum as described below upon receiving Due Proof of Death. A Beneficiary may request that a death benefit payable under this contract Contract be applied to a Settlement Option subject to the provisions of this contract Contract and the current tax laws.

Appears in 1 contract

Sources: Variable Annuity Contract (Travelers Fund Bd Iv for Variable Annuities)

Contract Continuation. Except as provided in the Termination provisionProvision, this contract Contract does not require continuing Purchase Payments and will automatically continue as a paid-up contract Contract during the lifetime of the Annuitant Annuitant, until the Maturity Date, or until it is surrenderedsurrendered or when a death benefit becomes due. -------------------------------------------------------------------------------- DEATH BENEFIT PROVISIONS PROVISION -------------------------------------------------------------------------------- DEATH OF ANNUITANT A death benefit is payable to the Beneficiary beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent annuitant survivingAnnuitant. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the Beneficiary beneficiary the death benefit benefit, determined as of the Death Report Date, in a single sum as described below upon receiving Due Proof of Deathor apply it to a Settlement Option. A Beneficiary beneficiary may request that a death benefit payable under this contract Contract be applied to a Settlement Option subject to the provisions of this contract Contract and the current tax laws.

Appears in 1 contract

Sources: Variable Annuity Contract (Tlac Separate Account Twelve for Variable Annuities)

Contract Continuation. Except as provided in the Termination provision, this contract Contract does not require continuing Purchase Payments and will automatically continue as a paid-up contract Contract during the lifetime of the Annuitant until the Maturity Date, or until it is surrendered. -------------------------------------------------------------------------------- DEATH BENEFIT PROVISIONS -------------------------------------------------------------------------------- DEATH OF ANNUITANT A death benefit is payable to the Beneficiary beneficiary upon the death of the Annuitant before the Maturity Date, unless there is a contingent annuitant survivingAnnuitant. A death benefit is also payable under those Settlement Options which provide for death benefits. We will pay the Beneficiary beneficiary the death benefit benefit, determined as of the Death Report Date, in a single sum as described below upon receiving Due Proof of Deathor apply it to a Settlement Option. A Beneficiary beneficiary may request that a death benefit payable under this contract Contract be applied to a Settlement Option subject to the provisions of this contract Contract and the current tax laws.

Appears in 1 contract

Sources: Variable Annuity Contract (Travelers Separate Account Pf for Variable Annuities)