DEATH BENEFIT IF ANNUITANT IS NOT AN OWNER. If the Annuitant is not an Owner, upon the death of the Annuitant the contract continues with the Contingent Annuitant (Section 6.5) as the new Annuitant. The Death Benefit will be the Accumulation Value of the contract determined on the effective date. The effective date is the date on which proof of death is received at the Home Office. However, the effective date will be the next following Valuation Date if the proof of death is received at the Home Office either:
Appears in 7 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Account B
