Common use of Life Only Clause in Contracts

Life Only. Periodic payments are made to the designated payee during the Annuitant’s lifetime. Payments stop when the Annuitant dies.

Appears in 47 contracts

Sources: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Life Only. Periodic payments are made to the designated payee Annuitant during the Annuitant’s his or her lifetime. Payments stop when the Annuitant dies.

Appears in 1 contract

Sources: Individual Flexible Premium Variable Annuity Contract (Separate Account a of Pacific Mutual Life Ins Co)