BENEFICIARY PROVISIONS Clause Samples

BENEFICIARY PROVISIONS. 11 Beneficiary..........................................................11

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary is as stated on the application, unless later changed by Your Written Request. One or more Beneficiaries can be named in the application. If more than one Beneficiary is named, each can be classed as primary or contingent. If two or more persons are named in a class, their shares in the proceeds can be stated. The stated shares in the proceeds will be paid to any primary Beneficiaries. If no primary Beneficiaries survive, payment will be made to any surviving contingent Beneficiaries. If You have not made other arrangements with Us, Beneficiaries who survive in the same class will share the proceeds equally. DEATH OF BENEFICIARY - If no named Beneficiary is living at the time a Death Benefit becomes payable, We will pay the Death Benefit to the Owner, or, if no Owner is alive, to the last surviving Owner's estate. CHANGE OF BENEFICIARY - To change a Beneficiary, a Written Request for a change of Beneficiary must be received at Our Administrative Office. If the request is received at Our Administrative Office after the death of the Owner, it will be effective only if no payment has been made. After the change is recorded, it will take effect as of the date the request was signed. PREMIUM PROVISIONS PREMIUM - The Initial Premium is due on or before the Effective Date. Thereafter, Premium payments may be made at any time prior to the Annuity Date, in an amount equal to or greater than the Minimum Subsequent Premium amount, shown on the Contract Schedule. ALLOCATION OF premium PAYMENTS - Premiums may be allocated to one or more of the Subaccounts of the Variable Account or to the Guaranteed Account. Whole percentages must be used. The allocation of the Initial Premium is shown on the application. You may change the allocation at any time. We will send confirmation of Your changes. Any subsequent Premium received will be allocated in accordance with the most recently received allocation instructions.

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary is as stated on the application, unless later changed by Your Written Request. One or more beneficiaries can be named in the application. If more than one Beneficiary is named, each can be classed as primary or contingent. If two or more persons are named in a class, their shares in the proceeds can be stated. The stated shares in the proceeds will be paid to any primary beneficiaries. If no primary beneficiaries survive, payment will be made to any surviving contingent beneficiaries. If You have not made other arrangements with Us, Beneficiaries who survive in the same class will share the proceeds equally.

BENEFICIARY PROVISIONS. BENEFICIARY -- The Beneficiary is named in the Application, unless changed. The Beneficiary is entitled to receive the benefits to be paid at the death of the Owner. Unless the Owner provides otherwise, the Death Benefit will be paid in equal shares or all to the survivor as follows:

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary is as stated on the application, unless later changed by Your Written Request. One or more beneficiaries can be named in the application. If more than one Beneficiary is named, each can be classed as primary or contingent. If two or more persons are named in a class, their shares in the proceeds can be stated. The stated shares in the proceeds will be paid to any primary beneficiaries. If no primary beneficiaries survive, payment will be made to any surviving contingent beneficiaries. If You have not made other arrangements with Us, Beneficiaries who survive in the same class will share the proceeds equally. DEATH OF BENEFICIARY - If no named Beneficiary is living at the time a Death Benefit becomes payable, We will pay the Death Benefit to the Owner, or, if no Owner is alive, to the last surviving Owner's estate. CHANGE OF BENEFICIARY - To change a Beneficiary, a Written Request for a change of Beneficiary must be received at Our Administrative Office. If the request is received at Our Administrative Office after the death of the Owner, it will be effective only if no payment has been made. After the change is recorded, it will take effect as of the date the request was signed. PREMIUM PROVISIONS PREMIUM - The Initial Premium is due on or before the Effective Date. Thereafter, Premium payments may be made at any time prior to the Annuity Date, in an amount equal to or greater than the Minimum Subsequent Premium amount, shown on the Contract Schedule. ALLOCATION OF premium PAYMENTS - Premiums may be allocated to one or more of the Subaccounts of the Variable Account or to the Guaranteed Account. Whole percentages must be used. The allocation of the Initial Premium is shown on the application. You may change the allocation at any time. We will send confirmation of Your changes. Any subsequent Premium received will be allocated in accordance with the most recently received allocation instructions.

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary, named in the application unless changed, is the party entitled to receive the benefits to be paid at the death of the Annuitant. Unless the Contract Owner provides otherwise, such benefits will be paid in equal shares or all to the survivor as follows:

BENEFICIARY PROVISIONS. 4.1 At the time the life insurance proceeds become payable under the Policy, the Corporation and the Owner agree the Corporation and the Owner shall promptly take all action necessary to obtain payment of the death benefit provided under the Policy from the Insurer of the amount payable under the Policy, and payment of such death benefit will be divided and paid as follows: (a) The Corporation, as collateral assignee under the Collateral Assignment, will be entitled to receive an amount equal to the aggregate premiums paid by it as of the date of the Employee's death (as defined in Section 8.2 hereof) reduced by the sum of (i) any amounts previously received by the Corporation from or to the credit of the Owner as a repayment of the liabilities created hereunder and (ii) any outstanding indebtedness incurred by the Corporation and owed to the Insurer which was secured by the Policy, including interest accrued thereon. If the Corporation has paid additional premiums attributable to a rider providing for waiver of premium in the event of the ▇▇▇▇▇▇'▇ disability, the term "premiums", as used in this Section 4 will not include any premiums waived pursuant to the terms of such rider while this Agreement is in force; and (b) The beneficiary or beneficiaries designated by the Owner as then in effect under the Policy shall receive the balance of the payment of such death benefit, if any. 4.2 It is agreed and understood that receipt by the Corporation of any death benefit proceeds as a beneficiary under the Policy shall be considered a repayment of the Corporation's premium payments under Section 4.1(a) hereof to the extent of such proceeds. To the extent that the Corporation does not receive death benefit proceeds or in the event that such proceeds are insufficient to repay the Corporation the amount provided in Section 4.1(a), the Owner shall be liable for the remaining balance of the amount provided in Section 4.1(a).

BENEFICIARY PROVISIONS. BENEFICIARY The Beneficiary designation in effect on the Issue Date will remain in effect, unless changed.

BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary and any Contingent Beneficiary are named by the Contract Owner.