Effect of Exercise. As to the amounts appointed, the exercise of this power will: a. revoke any other designation of beneficiaries; b. revoke any election of payment plan as it applies to them; and c. cause any provision to the contrary in Section 6 or 10 of this contract to be of no effect.
Appears in 16 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B)
Effect of Exercise. As to the amounts appointed, the exercise of this power will: :
a. revoke any other designation of beneficiaries; ;
b. revoke any election of payment plan as it applies to them; and and
c. cause any provision to the contrary in Section 6 11 or 10 12 of this contract policy to be of no effect.
Appears in 3 contracts
Samples: Variable Whole Life Policy (Aerosonic Corp /De/), Variable Whole Life Policy (Aerosonic Corp /De/), Variable Whole Life Policy (Aerosonic Corp /De/)
