Divorce. If Spouses divorce on or after the Issue Date, we will treat any request to transfer or divide benefits under the contract as a request for a Full or Partial Withdrawal payable to you. The Full or Partial Withdrawal will be subject to any applicable taxes and Withdrawal
Appears in 2 contracts
Samples: Allianz Life Insurance Co of New York, Allianz Life of Ny Variable Account C
Divorce. If Spouses divorce on or after the Issue Date, we will treat any request to transfer or divide benefits under the contract as a request for a Full or Partial Withdrawal payable to you. The Full or Partial Withdrawal will be subject to any applicable taxes and WithdrawalWithdrawal Charges. If we receive notice of divorce as an Authorized Request, we will remove one former Spouse from the contract as an Owner, Joint Owner, Annuitant or Beneficiary.
Appears in 2 contracts
Samples: Allianz Life Insurance Co of North America, Allianz Life Variable Account B
Divorce. If Spouses divorce on or after the Issue Date, we will treat any request to transfer or divide benefits under the contract as a request for a Full or Partial Withdrawal payable to you. The Full or Partial Withdrawal will be subject to any applicable taxes and WithdrawalWithdrawal Charges.
Appears in 2 contracts
Samples: Allianz Life Insurance Co of North America, Allianz Life Variable Account B
Divorce. If Spouses divorce on or after the Issue Date, we will treat any request to transfer or divide benefits under the contract as a request for a Full or Partial Withdrawal payable to you. The Full or Partial Withdrawal will be subject to any applicable taxes and WithdrawalMarket Value Adjustment. If we receive notice of divorce as an Authorized Request, we will remove one former Spouse from the contract as an Owner, Joint Owner, Annuitant or Beneficiary.
Appears in 1 contract
