Joint Owners. The Minimum Guaranteed Death Benefit will only be payable on the death of the older joint Owner. Upon the death of the older joint Owner, if the Contract is continued, no Minimum Guaranteed Death Benefit applies for the remaining duration of the Contract.
Appears in 2 contracts
Sources: Individual Variable Annuity Contract (First Safeco National Life Insurance Co of Ny Sep Acct S), Individual Variable Annuity Contract (First Safeco National Life Insurance Co of Ny Sep Acct S)
Joint Owners. The Minimum Guaranteed Death Benefit will only be payable on the death of the older joint Owner. Upon the death of the older joint Owner, if the Contract contract is continued, no Minimum Guaranteed Death Benefit applies for the remaining duration of the Contract.
Appears in 1 contract