Common use of DEATH ON OR AFTER THE ANNUITY COMMENCEMENT Clause in Contracts

DEATH ON OR AFTER THE ANNUITY COMMENCEMENT. DATE The death proceeds on or after the Annuity Commencement Date depend on the payment option selected. If any owner dies on or after the Annuity Commencement Date, but before the entire interest in the contract is distributed, the remaining portion of such interest in the contract will be distributed to the beneficiary at least as rapidly as under the method of distribution being used as of the date of that owner's death.