Common use of CHANGE OF OWNER Clause in Contracts

CHANGE OF OWNER. The Owner may be changed by Written Notice provided: (a) the new Owner's Age would not have prevented a purchase of this Contract, including any attached optional benefit rider, on the Effective Date; and, (b) the new Owner attains Age {95} on or after the Annuity Commencement Date.

Appears in 3 contracts

Samples: Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account

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CHANGE OF OWNER. The Owner may be changed by Written Notice provided: (a) the new Owner's Age would not have prevented a purchase of this ContractCertificate, including any attached optional benefit rider, on the Effective Date; and, (b) the new Owner attains Age {95} on or after the Annuity Commencement Date.

Appears in 2 contracts

Samples: Protective Variable Annuity Separate Account, Protective Variable Annuity Separate Account

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CHANGE OF OWNER. The Owner may be changed by Written Notice provided: (a) the new Owner's ’s Age would not have prevented a purchase of this Contract, including any attached optional benefit rider, on the Effective Date; and, (b) the new Owner attains Age {95} 95 on or after the Annuity Commencement Date.

Appears in 2 contracts

Samples: Variable Annuity Account a of Protective Life, Variable Annuity Account a of Protective Life

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