AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection B or C above, (1) the primary annuitant will be treated as the owner of the policy, and (2) if there is any change in the primary annuitant, such a change will be treated as the death of the owner.
Appears in 3 contracts
Samples: Annuity Contract (Separate Account Va Gny), Annuity Contract (Separate Account VA YNY), Annuity Contract (Separate Account Va Hny)
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner Owner or beneficial owner Owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant Annuitant will be treated as the owner Owner of the policy, and (2) if there is any change in the primary annuitantAnnuitant, such a change will be treated as the death of the ownerOwner.
Appears in 3 contracts
Samples: Annuity Policy (Separate Account Va N), Annuity Policy (Separate Account VA QQ), Annuity Policy (Separate Account VA PP)
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s federal income tax mandatory distribution provisions in subsection B or C above, (1) the primary annuitant Annuitant will be treated as the owner of the policycontract, and (2) if there is any change in the primary annuitantAnnuitant, such a change will be treated as the death of the owner.
Appears in 2 contracts
Samples: Annuity Contract (Separate Account Va H), Annuity Contract (Separate Account Va G)
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s 's mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant Annuitant will be treated as the owner of the policycontract, and (2) if there is any change in the primary annuitantAnnuitant, such a change will be treated as the death of the owner.
Appears in 1 contract
Samples: Annuity Contract (Separate Account Va 2lny of First Transamerica Life Ins Co)
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant will be treated as the owner of the policy, and (2) if there is any change in the primary annuitant, such a change will be treated as the death of the owner.
Appears in 1 contract
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-–qualified annuity, if any owner Owner or beneficial owner Owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant Annuitant will be treated as the owner Owner of the policy, and (2) if there is any change in the primary annuitantAnnuitant, such a change will be treated as the death of the ownerOwner.
Appears in 1 contract
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s 's mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant Annuitant will be treated as the owner of the policy, and (2) if there is any change in the primary annuitantAnnuitant, such a change will be treated as the death of the owner.
Appears in 1 contract
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s federal income tax mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant Annuitant will be treated as the owner of the policycontract, and (2) if there is any change in the primary annuitantAnnuitant, such a change will be treated as the death of the owner.
Appears in 1 contract
Samples: Annuity Contract (Separate Account Va-2l of Transamerica Occidental Life Ins C)
AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-–qualified annuity, if any owner or beneficial owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection B C or C D above, (1) the primary annuitant will be treated as the owner of the policy, and (2) if there is any change in the primary annuitant, such a change will be treated as the death of the owner.
Appears in 1 contract
