Common use of CHANGE OF BENEFICIARY Clause in Contracts

CHANGE OF BENEFICIARY. The Owner may change any Beneficiary unless otherwise provided in the previous designation by providing a Notice to change beneficiary. A change of Beneficiary will revoke any previous designation. When a change of Beneficiary is received by LNY, whether or not the Owner is then alive, it will take effect as of the date the request was sent. For purposes of determining on which date a written change of Beneficiary is sent, the postmark date will be used. Any payment made or action taken or allowed before the change of Beneficiary is received will be without prejudice to LNY. LNY reserves the right to request the Contract for endorsement of the change.

CHANGE OF BENEFICIARY. The Owner may change any Beneficiary unless otherwise provided in the previous designation by providing a Notice to change beneficiaryBeneficiary. A change of Beneficiary will revoke any previous designation. When a change of Beneficiary is received by LNY, whether or not the Owner is then alive, it will take effect as of the date the request was sent. For purposes of determining on which date a written change of Beneficiary is sent, the postmark date will be used. Any payment made or action taken or allowed before the change of Beneficiary is received will be without prejudice to LNY. LNY reserves the right to request the Contract for endorsement of the change.

CHANGE OF BENEFICIARY. The Owner may change any Beneficiary unless otherwise provided in the previous designation by providing a Notice to change beneficiarydesignation. A change of Beneficiary will revoke any previous designation. A change may be made by sending a written request, in a form acceptable to LNY, to its Servicing Office. When a change of Beneficiary is received by LNY, whether or not the Owner is then alive, it will take effect as of the date the request was sent. For purposes of determining on which date a written change of Beneficiary is sent, the postmark date will be used. Any payment made or action taken or allowed before the change of Beneficiary is received will be without prejudice to LNY. LNY reserves the right to request the Contract for endorsement of the change.

CHANGE OF BENEFICIARY. The Owner may change any Beneficiary unless otherwise provided in the previous designation by providing a Notice to change beneficiarydesignation. A change of Beneficiary will revoke any previous designation. A change may be made by sending a written request, in a form acceptable to LNY, to its Servicing Office. When a change of Beneficiary is received by LNYreceived, whether or not the Owner is then alive, it will take effect as of the date the request was sent. For purposes of determining on which date a written change of Beneficiary is sent, the postmark date will be used. Any payment made or action taken or allowed before the change of Beneficiary is received will be without prejudice to LNY. LNY reserves the right to request the Contract for endorsement of the change.