BENEFICIARY PROVISIONS. BENEFICIARY -- The Beneficiary designation in effect on the Issue Date will remain in effect, unless changed. Unless you provide otherwise, the death benefit will be paid in equal shares or all to the Beneficiary(ies) as follows:
BENEFICIARY PROVISIONS. The Beneficiary is the person or persons who will receive the Death Benefit if the Owner dies prior to the Annuity Date. Joint Owners — If the Contract is owned by joint Owners, each of the Owner and joint Owner shall automatically be designated as the other’s first Beneficiary. No other Beneficiary designations will take effect if either the Owner or joint Owner survives. Designation of Beneficiary — If an Owner or joint Owner survives, that survivor is the Beneficiary. If no Owner or joint Owner survives, other Beneficiary designations take effect. You may designate Beneficiaries (other than an Owner or joint Owner) as primary or contingent to indicate the order in which they will receive the Death Benefit. If you name two or more Beneficiaries of the same class (primary or contingent), they will share the Death Benefit equally unless you have requested a different division among them. You may designate a primary Beneficiary as irrevocable. Your initial Beneficiary designations are stated on your Specifications Pages. If any Beneficiary dies before the Owner, that Beneficiary’s interest will go to the other Beneficiaries named, according to their respective interests. If you leave no surviving Beneficiary, your estate will receive the Death Benefit. If the Beneficiary is a trust or trustee, we are not responsible for verifying the trust’s or trustee’s right to receive the Death Benefit, or for how the trustee distributes the proceeds. If we receive a Written Request indicating that the trust has been revoked or is not in effect before payment of the Death Benefit, the Death Benefit will be paid to any other Beneficiaries named, according to their respective interests. Changing Your Beneficiary — You may change a Beneficiary designation, other than an irrevocable Beneficiary designation, at any time by providing a Written Request to us, subject to the terms of any assignment. If you have named an irrevocable Beneficiary, you may not add any new primary Beneficiary, or remove or change the irrevocable Beneficiary, without obtaining his or her written consent in a form acceptable to us. Once we have received it, the change will be effective on the date the Written Request is signed. We will not be liable for any payment made or other action taken by us before the change or addition was received by us at our Administrative Office. You cannot remove an Owner or joint Owner as Beneficiary other than through the change of ownership provisions of this Contract.
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.
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, 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. 3.01 If the Employee dies while this agreement is in force, the death benefit of each Policy on his life alone will be divided as follows:
(a) The Corporation will be entitled to receive an amount equal to the aggregate premiums paid by it with respect to such Policy as of the date of the Employee's death, less any repayment previously made to the Corporation. If the Corporation has paid additional premiums attributable to a rider providing for waiver of premium in the event of the disability of the insured, "premiums" as used in this Article will not include any premiums waived pursuant to the terms of such rider while this Agreement is in force. If the Corporation has paid the principal of or interest on any loans incurred against such Policy by the Owner with the consent of the Corporation, then the Corporation shall be entitled to receive an additional amount equal to the total of such interest and principal repayments.
(b) The beneficiary or beneficiaries then in effect under such Policy specified by the Owner shall receive the balance of such Policy's death benefit.
3.02 If the survivor of the Employee and his said wife (the "Survivor") dies while this agreement is in force, the death benefit of each Policy on the joint lives of the Employee and his said wife will be divided as follows:
(a) The Corporation will be entitled to receive an amount equal to the aggregate premiums paid by it with respect to such Policy as of the date of the Survivor's death, less any repayment previously made to the Corporation. If this Corporation has paid additional premiums attributable to a rider providing for waiver of premium in the event of the disability of the insured, "premiums" as used in this Article will not include any premiums waived pursuant to the terms of such rider while this Agreement is in force. If the Corporation has paid the principal of or interest on any loans incurred against such Policy by the Owner with the consent of the Corporation, then the Corporation shall be entitled to receive an additional amount equal to the total of such interest and principal repayments.
(b) The beneficiary or beneficiaries then in effect under such Policy specified by the Owner shall receive the balance of such Policy's death benefit.
3.03 Upon the death of the Employee or the Survivor while this agreement is in force, the Corporation agrees to take such action as may be necessary to obtain payment from each Insurer of the amounts payable under its Policy to the ben...
BENEFICIARY PROVISIONS. BENEFICIARY The Beneficiary designation in effect on the Issue Date will remain in effect, unless changed.
BENEFICIARY PROVISIONS. Designation of Beneficiary - The Beneficiary is the person you name who may receive any death benefit proceeds, or any remaining annuity payments after the Annuity Date, if the Annuitant or Owner dies. If you leave no surviving Beneficiary, your estate may receive the death benefit proceeds. If the Beneficiary is a trustee, we will neither be responsible for verifying a trustee's right to receive any death benefit proceeds, nor for how the trustee disposes of any death benefit proceeds. If before payment of any death benefit proceeds, we receive proper notice that the trust has been revoked or is not in effect, then any death benefit proceeds payable will be paid to the Contingent Beneficiary, if living; if not to the Owner's estate. Adding or Changing Your Beneficiary - You may add, change, or remove any Beneficiary, other than an irrevocable Beneficiary, subject to the terms of any assignment, at any time prior to the death of the Annuitant or Owner, by providing us with a request in a form satisfactory to us. However, if you have named an irrevocable Beneficiary, you may not add any new Beneficiary, or remove or change the irrevocable Beneficiary, without obtaining his or her written consent in a form acceptable to us. You may remove any non-irrevocable Beneficiary without obtaining the consent of the irrevocable Beneficiary. Qualified Contracts may have additional restrictions on naming and changing Beneficiaries. Any change or addition will take effect only when the notice is signed, subject to our receipt.
BENEFICIARY PROVISIONS. BENEFICIARY - The Beneficiary is the person(s) named on the Contract Schedule or the surviving Joint Owner, unless changed. Unless you provide otherwise, the death benefit will be paid to or in equal shares as follows:
