Common use of Discharge of Liability Clause in Contracts

Discharge of Liability. We shall be discharged from all liability to the extent of each payment that is made for a withdrawal, surrender, Annuity Benefit, or Death Benefit.

Appears in 2 contracts

Sources: Group Flexible Premium Deferred Variable Annuity Contract (Annuity Investors Variable Account B), Group Flexible Premium Deferred Variable Annuity Contract (Annuity Investors Variable Account B)

Discharge of Liability. We shall be discharged from all liability to the extent of each payment that is made for a any withdrawal, surrender, Annuity Benefit, surrender or Death Benefitdeath benefit paid. Any payments made by us under any Payment Option shall discharge our liability to the extent of each such payment.

Appears in 2 contracts

Sources: Annuity Contract (Nationwide Provident Va Separate Account 1), Annuity Contract (Nationwide Provident Va Separate Account A)

Discharge of Liability. We shall will be discharged from all liability to the extent of each payment that is made for a withdrawal, surrender, Annuity Benefit, or Death Benefit.

Appears in 1 contract

Sources: Group Flexible Premium Deferred Variable Annuity Contract (Annuity Investors Variable Account C)