Common use of CONTRACT OWNER Clause in Contracts

CONTRACT OWNER. The Contract Owner has all rights under this Contract. The Contract Owner is designated as such on the Issue Date, unless changed. The Contract Owner may change owners at any time prior to the Annuity Date by Written Request. A change of Contract Owner will automatically revoke any prior designation of Contract Owner. The change will become effective as of the date the Written Request is signed. A new designation of Contract Owner will not apply to any payment made or action taken by the Company prior to the time it was received. JOINT CONTRACT OWNERS The Contract can be owned by Joint Contract Owners. Any other Beneficiary designation will be treated as a Contingent Beneficiary unless otherwise indicated in a Written Request. If the Contract is owned by Joint Contract Owners, the Age of the oldest Joint Contract Owner will be used to determine all applicable benefits. Both Joint Contract Owner signatures will be required to exercise any contractual right. ASSIGNMENT OF THE CONTRACT A Written Request by the Contract Owner specifying the terms of an assignment of this Contract must be provided to the Annuity Service Center. Until the Written Request is received, the Company will not be required to take notice of or be responsible for any transfer of interest in this Contract by assignment, agreement, or otherwise. The Company will not be responsible for the validity or tax consequences of any assignment. Any assignment made after the death benefit has become payable will be valid only with the Company’s consent. If this Contract is assigned, the Contract Owner’s rights may only be exercised with the consent of the assignee of record.

CONTRACT OWNER. The Contract Owner has all rights right under this Contract. The Contract Owner is the person designated as such on the Issue Date, unless changed. The Contract Owner may change owners at any time prior to the Annuity Date by Written Request. A change of Contract Owner will automatically revoke any prior designation of Contract Owner. The change will become effective as of the date the Written Request is signed. A new designation of Contract Owner will not apply to any payment made or action taken by the Company prior to the time it was received. JOINT CONTRACT OWNERS Joint Contract Owners The Contract can be owned by Joint Contract Owners. If Joint Contract Owners are named, any Joint Contract Owner must be the spouse of the other Contract Owner. Upon the death of either Contract Owner, the surviving spouse will be the Primary Beneficiary. Any other Beneficiary designation will be treated as a Contingent Beneficiary unless otherwise indicated in a Written Request. If Assignment of the Contract is owned by Joint Contract Owners, the Age of the oldest Joint Contract Owner will be used to determine all applicable benefits. Both Joint Contract Owner signatures will be required to exercise any contractual right. ASSIGNMENT OF THE CONTRACT A Written Request by the Contract Owner specifying the terms of an assignment of this Contract must be provided to the Annuity Service Center. Until the Written Request is received, the Company will not be required to take notice of or be responsible for any transfer of interest in this Contract by assignment, agreement, or otherwise. The Company will not be responsible for the validity or tax consequences of any assignment. Any assignment made after the death benefit has become payable will be valid only with the Company’s 's consent. If this Contract is assigned, the Contract Owner’s 's rights may only be exercised with the consent of the assignee of record.

CONTRACT OWNER. The Contract Owner has all rights under this Contract. The Contract Owner is designated as such on the Issue Date, unless changed. The Contract Owner may change owners at any time prior to the Annuity Date by Written Request. A change of Contract Owner will automatically revoke any prior designation of Contract Owner. The change will become effective as of the date the Written Request is signed. A new designation of Contract Owner will not apply to any payment made or action taken by the Company prior to the time it was received. JOINT CONTRACT OWNERS The Contract can be owned by Joint Contract Owners. Any other Beneficiary designation will be treated as a Contingent Beneficiary unless otherwise indicated in a Written Request. If the Contract is owned by Joint Contract Owners, the Age of the oldest Joint Contract Owner will be used to determine all applicable benefits. Both Joint Contract Owner signatures will be required to exercise any contractual right. ASSIGNMENT OF THE CONTRACT A Written Request by the Contract Owner specifying the terms of an assignment of this Contract must be provided to the Annuity Service Center. Until the Written Request is received, the Company will not be required to take notice of or be responsible for any transfer of interest in this Contract by assignment, agreement, or otherwise. The Company will not be responsible for the validity or tax consequences of any assignment. Any assignment made after the death benefit has become payable will be valid only with the Company’s consent. If this Contract is assigned, the Contract Owner’s rights may only be exercised with the consent of the assignee of record. GENERAL PROVISIONS THE CONTRACT The entire Contract consists of this Contract, the application if any, and any riders, amendments or endorsements attached to this Contract.