Optional Settlement 4

Post

This option provides a lifetime retirement benefit to you and continuances to your surviving beneficiaries in a percentage you elected at the time of retirement. The amount of the retirement benefit payable will depend on the age of your beneficiary and the percentage you elected to be paid to the beneficiary as a continuance. The beneficiary must have an insurable interest in your life and all payments cease upon the death of both you and your beneficiary(ies).