JOINT OWNER. A Contract may be owned by Joint Owners. If Joint Owners are named, any Joint Owner must be the spouse of the other Contract Owner. Upon the death of either Contract Owner, the surviving spouse will be the primary Beneficiary. Any other Beneficiary designation will be treated as a contingent Beneficiary unless otherwise indicated in an Authorized Request.
JOINT OWNER. If there is more than one Contract Owner, each Contract Owner shall be a Joint Owner of the Contract. Joint Owners have equal ownership rights and must both authorize any exercising of those ownership rights unless otherwise allowed by us. Any Joint Owner must be the spouse of the other Contract Owner.
JOINT OWNER. NAME: [Xxxx Xxx] CONTRACT DATE: [July 1, 1999] ANNUITANT NAME: [Xxxx Xxx] ANNUITY START DATE: [October 5, 2030] ANNUITANT DATE OF BIRTH: [October 5, 1960] PLAN: [Non-Qualified]
Examples of JOINT OWNER in a sentence
UNLESS SPECIFIED OTHERWISE IN THE SPECIAL REQUESTS SECTION, IF JOINT OWNERS ARE NAMED, UPON THE DEATH OF EITHER JOINT OWNER, THE SURVIVING JOINT OWNER WILL BE THE PRIMARY BENEFICIARY, AND THE BENEFICIARIES LISTED BELOW WILL BE CONSIDERED CONTINGENT BENEFICIARIES.
JOINT OWNER -- If there is more than one Owner, each Owner shall be a Joint Owner of the Contract.
JOINT OWNER The Joint Owner, if any, shares an undivided interest in the entire Contract with the Owner.
UNLESS SPECIFIED OTHERWISE, IF JOINT OWNERS ARE NAMED, UPON THE DEATH OF EITHER JOINT OWNER, THE SURVIVING JOINT OWNER WILL BE THE PRIMARY BENEFICIARY, AND THE BENEFICIARIES LISTED BELOW WILL BE CONSIDERED CONTINGENT BENEFICIARIES.
JOINT OWNER - The Joint Owner, if any, possesses an undivided interest in the entire Contract in conjunction with the Contract Owner.
More Definitions of JOINT OWNER
JOINT OWNER. [Xxxx Xxx] SEX: [F] AGE AT ISSUE: [50] ANNUITANT: [Xxxx Xxx] SEX: [M] AGE AT ISSUE: [50] CONTRACT NUMBER: [12345678] ISSUE DATE: [February 15, 2001] PLAN TYPE: [Qualified or Non-Qualified] ANNUITY DATE: [May 1, 2040]
JOINT OWNER means an individual who owns property
JOINT OWNER. [Xxxx Xxx] Joint Owner Issue Age: [35] Annuitant: [Xxxx Xxx] Annuitant Issue Age: [35] Joint Annuitant: [Xxxx Xxx] Joint Annuitant Issue Age: [35] Initial Premium: [$25,000] Issue Date: [January 1, 2017] Issue State: New York Income Date: [January 1, 2077] Beneficiary(ies): [Xxxxx Xxx]
JOINT OWNER. A Contract may be owned by Joint Owners. Upon the death of either Owner, the surviving Owner will be the Primary Beneficiary. Any other Beneficiary designation will be treated as a Contingent Beneficiary unless otherwise indicated in an Authorized Request.
JOINT OWNER. The spouse of the Owner, if named on the Contract Data pages as the Joint Owner, who shares ownership rights with the Owner as defined under this Contract. You may add, change or remove a Joint Owner, subject to our underwriting rules. The Contract may never have more than one Joint Owner. No Joint Owner is permitted for IRA's or other qualified contracts.
JOINT OWNER. NAME: Mary X Xxx ISSUE DATE: 6-30-1997 JOINT OWNER DATE OF BIRTH: 7-18-1981 ANNUITY STATE DATE: 7-1-2052* ANNUITANT NAME: Bettx X. Xxx PLAN: Non-Qualified ANNUITANT DATE OF BIRTH: 5-13-1987 ASSIGNMENT: This Policy may be assigned. See Assignment Provision ANNUITANT'S SEX: Female of your Policy. PRIMARY BENEFICIARY NAME: Lindx X. Xxx XXITIAL PURCHASE PAYMENT $25,000 MINIMUM SUBSEQUENT PURCHASE PAYMENTS $500 ($50 pursuant to an automatic investment program) MINIMUM SYSTEMATIC WITHDRAWAL $100 MORTALITY AND EXPENSE RISK CHARGE 1.25% Annually (1.2% annually during Annuity Options 1-4, 7 and 8.) ADMINISTRATION CHARGE .15% Annually (0% annually during Annuity Options 1-4, 7 and 8.) WITHDRAWAL CHARGES: FREE WITHDRAWAL PERCENTAGE 10% GUARANTEED RATE 3.00% ANNUITY OPTION Life with 10-Year Fixed Period Option* SUBACCOUNTS: Money Market Subaccount High Grade Income Subaccount High Yield Subaccount Global Aggressive Bond Subaccount Growth-Income Subaccount Equity Income Subaccount Managed Asset Allocation Subaccount Specialized Asset Allocation Subaccount Growth Subaccount Value Subaccount Worldwide Equity Subaccount Social Awareness Subaccount Emerging Growth Subaccount Small Cap Subaccount METHOD FOR DEDUCTIONS: Deductions for Premium Taxes, and any unallocated partial withdrawals, including Systematic Withdrawals, will be made sequentially from the Contract Value in descending order of the Subaccounts listed above. The Fixed Account is the last Account charged. The value of each Account will be depleted before the next is charged. * The Owner may select the Annuity Start Date and the Annuity Option. If no Annuity Start Date or Annuity Option is selected by the Owner, they will be assigned automatically. V6025 A(1-97)