Common use of Commutation, Anticipation, or Encumbrance Clause in Contracts

Commutation, Anticipation, or Encumbrance. Any payments or benefits provided for by this Contract shall not be subject to commutation, anticipation, encumbrance, or alienation by any person, individual, or institution entitled to such payments or benefits unless it complies with applicable state and federal law and we have given you consent pursuant to a Written Notice prior to that transaction.

Appears in 4 contracts

Samples: Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co), Group Variable Annuity Contract (Standard Insurance Co)

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Commutation, Anticipation, or Encumbrance. Any payments or benefits ---------------------------------------- provided for by this Contract shall not be subject to commutation, anticipation, encumbrance, or alienation by any person, individual, or institution entitled to such payments or benefits unless it complies with applicable state and federal law and we have given you consent pursuant to a Written Notice prior to that transaction.

Appears in 1 contract

Samples: Group Variable Annuity Contract (Standard Insurance Co)

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