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 If we receive a Written Request indicating that the trust has been revoked or is not in effect before payment of the Death Benefit, the Death Benefit will be paid to any other Beneficiaries named, according to their respective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.
Appears in 2 contracts
Samples: Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of National Integrity Life Ins Co), Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of National Integrity Life Ins Co)
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 recorded 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 and recorded 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.
Appears in 2 contracts
Samples: Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of Integrity Life Insurance Co), Flexible Premium Deferred Fixed and Variable Annuity Contract (Separate Account I of Integrity Life Insurance Co)
BENEFICIARY PROVISIONS. Designation of Beneficiary - The Beneficiary is the person you name who may receive any death benefit proceeds, or persons who will receive the Death Benefit if the Owner dies prior to any remaining annuity payments after the Annuity Date. Joint Owners — If , if the Contract is owned by joint Owners, each of the Annuitant or 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 interestsdies. If you leave no surviving Beneficiary, your estate will may receive the Death Benefitdeath benefit proceeds. If the Beneficiary is a trust or trustee, we are not will neither be responsible for verifying the trust’s or a trustee’s 's right to receive the Death Benefitany death benefit proceeds, or nor for how the trustee distributes the disposes of any death benefit proceeds. If before payment of any death benefit proceeds, we receive a Written Request indicating proper notice that the trust has been revoked or is not in effect before payment of the Death Benefiteffect, the Death Benefit then any death benefit proceeds payable will be paid to any other Beneficiaries namedthe Contingent Beneficiary, according if living; if not to their respective intereststhe Owner's estate. Adding or Changing Your Beneficiary — - You may change a Beneficiary designationadd, change, or remove any Beneficiary, other than an irrevocable Beneficiary designation, at any time by providing a Written Request to usBeneficiary, 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. If However, 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 You may remove any non-irrevocable Beneficiary without obtaining the consent of the irrevocable Beneficiary. Qualified Contracts may have received it, the change will be effective additional restrictions on the date the Written Request is signednaming and changing Beneficiaries. We will not be liable for any payment made or other action taken by us before the Any change or addition was received by us at will take effect only when the notice is signed, subject to our Administrative Office. You cannot remove an Owner or joint Owner as Beneficiary other than through the change of ownership provisions of this Contractreceipt.
Appears in 2 contracts
Samples: Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co)
BENEFICIARY PROVISIONS. Designation of Beneficiary — The Beneficiary is the person you name who may receive any death benefit proceeds, or persons who will receive the Death Benefit if the Owner dies prior to any remaining annuity payments after the Annuity Date, if the Annuitant or Owner dies. Joint Owners — If the Contract is owned by joint Owners, each of the The Owner and joint Owner shall automatically be designated as the other’s first can name more than one 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 Multiple 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 death benefit proceeds (or any remaining annuity payments) 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 Pagesotherwise specified. If any Beneficiary dies before predeceases the Annuitant or 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, unless otherwise specified. 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 change a Beneficiary designationadd, change, or remove any Beneficiary, other than an irrevocable Beneficiary designation, at any time by providing a Written Request to usBeneficiary, 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. If However, 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 You may remove any non-irrevocable Beneficiary without obtaining the consent of the irrevocable Beneficiary. Qualified Contracts may have received it, additional restrictions on naming and changing Beneficiaries. Any change or addition will take effect only when the change will be effective on the date the Written Request notice is signed, subject to our receipt. We Any such change or addition will not be liable for impact 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 ContractService Center.
Appears in 1 contract
Samples: Insurance Contract (Separate Account a of Pacific Life & Annuity Co)
BENEFICIARY PROVISIONS. Designation of Beneficiary — The Beneficiary is the person you name who may receive any death benefit proceeds, or persons who will receive the Death Benefit if the Owner dies prior to any remaining annuity payments after the Annuity Date, if the Annuitant or Owner dies. Joint Owners — If the Contract is owned by joint Owners, each of the The Owner and joint Owner shall automatically be designated as the other’s first can name more than one 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 Multiple 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 death benefit proceeds (or any remaining annuity payments) 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 Pagesotherwise specified. If any Beneficiary dies before predeceases the Annuitant or 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, unless otherwise specified. 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 change a Beneficiary designationadd, other than an irrevocable Beneficiary designationchange, at or remove any time by providing a Written Request to usBeneficiary, subject to the terms of any assignment. If you have named an irrevocable Beneficiary, you may not add at any new primary Beneficiarytime prior to the death of the Annuitant or Owner, or remove or change the irrevocable Beneficiary, without obtaining his or her written consent by providing us with a request in a form acceptable satisfactory to us. Once we Qualified Contracts may have received it, the additional restrictions on naming and changing Beneficiaries. Any change or addition will be effective take effect on the date the Written Request notice of change is signed. We will not be liable for signed by the Owner, subject to any payment payments made or other action actions taken by us before prior to our receipt of the change or addition was received by us at our Administrative Officenotice. You cannot remove an Owner or joint Owner as Beneficiary other than through the change of ownership provisions of this Contract.ICC10:10-1185-L
Appears in 1 contract
Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)