Common use of Payment in the Event of Death Clause in Contracts

Payment in the Event of Death. If you should die before all amounts payable to you have been paid, such unpaid amounts shall be paid to your beneficiary under this Agreement or, if you have not designated such a beneficiary in writing to the Company, to the personal representative(s) of your estate. For purposes of this Section 2.5, you may designate an intervivos revocable living grantor trust as your beneficiary.