Common use of Termination of the Clause in Contracts

Termination of the. Certificate The Certificate will terminate on the earliest of the following dates: • The date that the Owner notifies us in writing that the Owner elects to cancel the Certificate, subject to the Cancellation provision. • The date the Benefit Base is reduced to zero, unless due to the election of an Income Plan; • The date of death of the last Annuitant, unless the Guaranteed Payment Period has not expired under an Optional Income Plan; • The date the Annuitant or Joint Annuitant is removed from the Certificate for any reason, following the date of the first Eligible Withdrawal; • The date a non-Spouse Owner is added; • For a Certificate owned by a custodian or trustee of an IRA with a Joint Annuitant, the date a non-spousal beneficiary is added to the IRA; • The date the Owner transfers the Fund Account Value to an investment program not determined as eligible by us; or • The date the Certificate Fees have not been paid as required under the Certificate.