Common use of CHANGE OF BENEFICIARY Clause in Contracts

CHANGE OF BENEFICIARY. The Owner may change any Beneficiary, unless the Beneficiary is designated as an Irrevocable Beneficiary in the previous designation, by providing a Notice to change beneficiary. A change of Beneficiary will revoke any previous designation and will take effect as of the date the Notice was signed, unless otherwise specified by the Owner, subject to any payment made or action taken or allowed before the change of Beneficiary is received by Us.

Appears in 7 contracts

Samples: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (Lincoln Life Variable Annuity Account N)

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CHANGE OF BENEFICIARY. The Owner may change any Beneficiary, unless the Beneficiary is designated as an Irrevocable Beneficiary in the previous designation, by providing a Notice to change beneficiaryBeneficiary. A change of Beneficiary will revoke any previous designation and will take effect as of the date the Notice was signed, unless otherwise specified by the Owner, subject to any payment made or action taken or allowed before the change of Beneficiary is received by Us.

Appears in 5 contracts

Samples: Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/), Individual Single Purchase Payment Index Linked Deferred Annuity Contract (Lincoln National Life Insurance Co /In/)

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CHANGE OF BENEFICIARY. The Owner may change any Beneficiary, unless the Beneficiary is designated as an Irrevocable Beneficiary in the previous designation, by providing a Notice to change beneficiary. A change of Beneficiary will revoke any previous designation and designation. When We receive a change of Beneficiary, whether or not the Owner is then alive, it will take effect as of the date the Notice Request was signed, unless otherwise specified by the Owner, subject to any . Any payment made or action taken or allowed before the change of Beneficiary is received by will be without prejudice to Us.

Appears in 3 contracts

Samples: Annuity Contract (Lincoln New York Account N for Variable Annuities), Annuity Contract (Lincoln Life & Annuity Variable Annuity Account H), Annuity Contract (Lincoln New York Account N for Variable Annuities)

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