Common use of CHANGE OF BENEFICIARY Clause in Contracts

CHANGE OF BENEFICIARY. The Owner may change the Beneficiary by written Request. The Company shall not be bound by any change of Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center. A change of Beneficiary will take effect as of the date the written Request was signed, subject to receipt at the Retirement Resource Operations Center, unless a certain date is specified by the Owner. If an Owner dies before the date the Request was processed, the change will take effect as of the date of the Request, unless the Company has already made a payout or has otherwise taken action on a designation or change before receipt or processing of such Request. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. An irrevocable Beneficiary designation may not be changed without the written consent of that Beneficiary, except to the extent required by law.

CHANGE OF BENEFICIARY. The Owner may change the Beneficiary by written Request. The Company shall not be bound by any change of Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center. A change of Beneficiary will take effect as of the date the written Request was signed, subject to receipt at the Retirement Resource Operations Center, unless a certain date is specified by the Owner. If an Owner dies before the date the Request was processed, the change will take effect as of the date of the Request, unless the Company has already made a payout or has otherwise taken action on a designation or change before receipt or processing of such Request. If an Owner dies, dies and the surviving Joint joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. An irrevocable Beneficiary designation may not be changed without the written consent of that Beneficiary, except to the extent required by law.

CHANGE OF BENEFICIARY. The Owner may change the Beneficiary by written Request. The Company Great-West shall not be bound by any change of Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Annuity Service Center. A change of Beneficiary will take effect as of the date the written Request was signed, subject to receipt at the Retirement Resource Operations Annuity Service Center, unless a certain date is specified by the Owner. If an Owner dies before the date the Request was processed, the change will take effect as of the date of the Request, unless the Company Great-West has already made a payout or has otherwise taken action on a designation or change before receipt or processing of such Request. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. An irrevocable Beneficiary designation may not be changed without the written consent of that Beneficiary, except to the extent required by law.

CHANGE OF BENEFICIARY. The Owner may change the Beneficiary by written Request. The Company First Great-West shall not be bound by any change of Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Annuity Service Center. A change of Beneficiary will take effect as of the date the written Request was signed, subject to receipt at the Retirement Resource Operations Annuity Service Center, unless a certain date is specified by the Owner. If an Owner dies before the date the Request was processed, the change will take effect as of the date of the Request, unless the Company First Great-West has already made a payout or has otherwise taken action on a designation or change before receipt or processing of such Request. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. An irrevocable Beneficiary designation may not be changed without the written consent of that Beneficiary, except to the extent required by law.

CHANGE OF BENEFICIARY. The Owner may change the Beneficiary by written Request. The Company Great-West shall not be bound by any change of Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center. A change of Beneficiary will take effect as of the date the written Request was signed, subject to receipt at the Retirement Resource Operations Center, unless a certain date is specified by the Owner. If an Owner dies before the date the Request was processed, the change will take effect as of the date of the Request, unless the Company Great-West has already made a payout or has otherwise taken action on a designation or change before receipt or processing of such Request. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. An irrevocable Beneficiary designation may not be changed without the written consent of that Beneficiary, except to the extent required by law.

CHANGE OF BENEFICIARY. The Owner may change the Beneficiary by written Request. The Company First Great-West shall not be bound by any change of Beneficiary unless it is made in writing and recorded at the Retirement Resource Operations Center. A change of Beneficiary will take effect as of the date the written Request was signed, subject to receipt at the Retirement Resource Operations Center, unless a certain date is specified by the Owner. If an Owner dies before the date the Request was processed, the change will take effect as of the date of the Request, unless the Company First Great-West has already made a payout or has otherwise taken action on a designation or change before receipt or processing of such Request. If an Owner dies, and the surviving Joint Owner is the surviving Spouse of the deceased Owner, the surviving Spouse will become the Beneficiary and may take the death benefit or elect to continue this Contract in force. An irrevocable Beneficiary designation may not be changed without the written consent of that Beneficiary, except to the extent required by law.