Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - in equal shares to the further payees who survive and receive payment; or - if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitant.
Appears in 8 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)
Further Payees. At the death of all of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, proceeds will be paid in one sum: - in equal shares to the further payees who survive and receive payment; or - if no further payees survive and receive payment, to the estate of the last to die of all of the direct and contingent beneficiaries who survive the AnnuitantInsured.
Appears in 6 contracts
Samples: Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment an income plan, will be paid in one sum: - • in equal shares to the further payees who survive and receive payment; or - • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive Beneficiaries. Present value will be based on the Annuitantrate of interest used to determine the amount of payments.
Appears in 6 contracts
Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - in o In equal shares to the further payees who survive and receive payment; or - if o If no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitantbeneficiaries.
Appears in 5 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)
Further Payees. At the death of all of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amountsproceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - o in equal shares to the further payees who survive and receive payment; or - if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitant.or
Appears in 3 contracts
Samples: Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Policy (Northwestern Mutual Variable Life Account)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - • in equal shares to the further payees who survive and receive payment; or - • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitant.beneficiaries. XX.X.X.XX. (1106) 18
Appears in 3 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - in In equal shares to the further payees who survive and receive payment; or - if If no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitantbeneficiaries.
Appears in 3 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - • in equal shares to the further payees who survive and receive payment; or - • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitant.
Appears in 3 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)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - o in equal shares to the further payees who survive and receive payment; or - o if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitantbeneficiaries.
Appears in 2 contracts
Samples: Variable Annuity Contract (NML Variable Annuity Account B), Variable Annuity Contract (NML Variable Annuity Account B)
Further Payees. At the death of all of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amountsproceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - in equal shares to the further payees who survive and receive payment; or - if no further payees survive and receive payment, to the estate of the last to die of all of the direct and contingent beneficiaries. OWNER OR HIS ESTATE. If no beneficiaries who survive are alive when the AnnuitantInsured dies, the proceeds will be paid to the Owner or to his estate.
Appears in 2 contracts
Samples: Single Premium Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - . in equal shares to the further payees who survive and receive payment; or - . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitant.beneficiaries. XX.X.X.XX.(0704) 19
Appears in 2 contracts
Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)
Further Payees. At the death of all of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amountsproceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - . in equal shares to the further payees who survive and receive payment; or - . if no further payees survive and receive payment, to the estate of the last to die of all of the direct and contingent beneficiaries who survive the AnnuitantInsured.
Appears in 1 contract
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - • in equal shares to the further payees who survive and receive payment; or - • if no further payees survive and receive payment, to the estate of or the last to die of all beneficiaries who survive the Annuitant.
Appears in 1 contract
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)
Further Payees. At the death of all the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amounts, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - . in equal shares to the further payees who survive and receive payment; or - . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries who survive the Annuitantbeneficiaries.
Appears in 1 contract
Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B)
Further Payees. At the death of all of the direct and contingent beneficiaries, the maturity or death benefits, the withdrawal amountsproceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - o in equal shares to the further payees who survive and receive payment; or - o if no further payees survive and receive payment, to the estate of the last to die of all of the direct and contingent beneficiaries who survive the AnnuitantInsured.
Appears in 1 contract
Samples: Variable Whole Life Policy (Northwestern Mutual Variable Life Account)
