Common use of If Annuitant Dies Before Annuity Commencement Date Clause in Contracts

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner will become the Annuitant. If a Contingent Ann▇▇▇▇▇▇ ▇▇s named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 2 contracts

Sources: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity 1 Series Account)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner will become (or the Annuitant. If Grantor if the Owner is a Contingent AnnGrantor Trust, or the Underlying ▇▇▇ ▇▇▇▇▇▇ ▇▇s named by if the Owner prior to is the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason Custodian or Trustee of the Annuitant’s death and the Contingent Annuitant an IRA account) will become the Annuitant.

Appears in 2 contracts

Sources: Annuity Contract (Great West Life & Annuity Insurance Co), Annuity Contract (Great West Life & Annuity Insurance Co)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner will become the Annuitant. If a Contingent Ann▇▇Annui▇▇▇▇ ▇▇s named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner will become (or the Annuitant. If a Contingent Ann▇▇▇▇▇▇ ▇▇s named by Grantor if the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant is a Grantor Trust) will become the Annuitant.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Annuity Contract (Variable Annuity-2 Series Account)

If Annuitant Dies Before Annuity Commencement Date. If Upon the death of the Annuitant while the Owner is living living, and the Annuitant dies before the Annuity Commencement Date, the death benefit provided under the Contract will continue and no death benefit will be payable. If no paid to the Beneficiary unless there is a surviving Contingent Annuitant has been named, the Owner will become the Annuitant. If a Contingent Ann▇▇▇▇▇▇▇▇▇ ▇▇s was named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Deferred Annuity (Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payable. If no Contingent Annuitant has been named, the Owner will become the Annuitant. If a Contingent Ann▇▇▇▇▇▇▇▇▇ ▇▇s was named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Annuity Contract (Variable Annuity 1 Series Account)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies Dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payablecontinue. If no Contingent Annuitant has been named, the Owner will become the Annuitant, provided however, that the Owner may designate a new Annuitant pursuant to Sections 2.08 and 2.09. If a Contingent Ann▇▇▇▇▇▇ ▇▇s Annuitant was named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payablecontinue. If no Contingent Annuitant has been named, the Owner (or the Grantor if the Trust is a Grantor Trust) will become the Annuitant. If a Contingent Ann▇▇▇▇▇▇▇▇▇ ▇▇s was named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies Dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payablecontinue. If no Contingent Annuitant has been named, the Owner will become the Annuitant, provided however, that the Owner may designate a new Annuitant pursuant to Sections 2.08 and 2.09. J555 If a Contingent Ann▇▇▇▇▇▇▇▇▇ ▇▇s was named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Annuity (Varifund Variable Annuity Account)

If Annuitant Dies Before Annuity Commencement Date. If the Owner is living and the Annuitant dies Dies before the Annuity Commencement Date, the Contract will continue and no death benefit will be payablecontinue. If no Contingent Annuitant has been named, the Owner will become the Annuitant. If a Contingent Ann▇▇▇▇▇▇▇▇▇ ▇▇s was named by the Owner prior to the Annuitant’s death, and the Annuitant dies before the Annuity Commencement Date, while the Owner and Contingent Annuitant are living, no death benefit will be payable by reason of the Annuitant’s death and the Contingent Annuitant will become the Annuitant.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Annuity (Variable Annuity-2 Series Account of Great-West Life & Annuity Ins. Co.)