ASSIGNMENT PROVISION. OWNERSHIP - The Contract Owner has all rights, and may receive all benefits under this Contract. During the lifetime of the Annuitant and prior to the Income Date, the Contract Owner shall be the person designated in the application, unless changed. On and after the Income Date, the Contract Owner shall be the Annuitant. On and after the death of the Annuitant, the Beneficiary shall be the Contract Owner. The Contract Owner may name a Contingent Owner or a new Contract Owner at any time. If the Contract Owner dies, the Contingent Owner becomes the Contract Owner. Any new choice of Contract Owner or Contingent Owner will automatically revoke any prior choice of Contract Owner or Contingent owner. Any request for change must be: (1) made in writing; and (2) received at the Company. The change will become effective as of the date the written request is signed. A new choice of Contract Owner or Contingent Owner will not apply to any payment made or action taken by the Company prior to the time it was received.
Appears in 4 contracts
Samples: Variable Annuity Contract (Sentry Variable Account Ii), Annuity Contract (Sentry Variable Account Ii), Variable Annuity Contract (Sentry Variable Account Ii)
