Leave a legacy for your loved ones. Spousal Beneficiary If your spouse is the sole primary beneficiary he or she may elect to continue the annuity contract after your death, as long as he or she becomes the sole Annuitant and sole Owner of your contract. • If the income rider is in the
Accumulation Phase at the time of spousal continuation,
it will continue in the Accumulation Phase. • If the income rider is in the
Income Phase at or prior to the time of spousal continuation or in the Extended Income Guarantee Phase, the surviving spouse may continue the rider only if the Joint Lifetime Income Withdrawal Option was selected. If the Maximum Lifetime Income Withdrawal was based solely on the life of the deceased spouse, the rider will terminate. Non-Spousal Beneficiary If your beneficiary is not your spouse, the income rider will terminate upon your death and any remaining Accumulated Value in your annuity will be paid to the beneficiary based on the provisions of the base contract.
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