Life with Period Certain

This contract provides for payments that continue for the greater of a “certain period” or the life of the annuitant. If the annuitant passes away during the certain period, the remaining certain period payments will be paid to the beneficiary named in the policy. The payments to the beneficiary continue until the certain period is complete. If instead the annuitant outlives the certain period, payments will continue until his/her death without anything being owed to the beneficiaries at that time.