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: NML Variable Annuity Account A, NML Variable Annuity Account B, 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 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: NML Variable Annuity Account A, NML Variable Annuity Account A, 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 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: Insurance Agreement (Northwestern Mutual Variable Life Account), Insurance Agreement (Northwestern Mutual Variable Life Account), Insurance Agreement (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 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: NML Variable Annuity Account A, NML Variable Annuity Account B, 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: Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account, 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: NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, 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 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: NML Variable Annuity Account A, NML Variable Annuity Account B, 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: - 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: NML Variable Annuity Account B, NML Variable Annuity Account B, 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: Northwestern Mutual Variable Life Account, 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: NML Variable Annuity Account B, 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: NML Variable Annuity Account B, 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
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
Samples: Agreement (Aerosonic Corp /De/)
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: NML Variable Annuity Account B