Common use of For Death Benefits by Owner Clause in Contracts

For Death Benefits by Owner. The Owner may name and change the beneficiaries: • while the Annuitant is living; or • during the first 60 days after the date of death of the Annuitant, if the Annuitant was not the Owner immediately prior to the Annuitant’s death. A change made during this 60 days cannot be revoked.

Appears in 4 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)

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