Annuitant is Owner. The Annuitant shall be at all times the Owner of the Contract (or its beneficial Owner where a fiduciary is its legal Owner). Such individual Owner’s rights under the Contract shall be nonforfeitable, and the Contract shall be for the exclusive benefit of such Owner and his or her beneficiaries.
Appears in 9 contracts
Samples: Simple Ira Rider (Separate Account a of Pacific Life & Annuity Co), Simple Ira Rider (Separate Account a of Pacific Life & Annuity Co), Simple Ira Rider (Separate Account a of Pacific Life & Annuity Co)