Common use of Good Order Clause in Contracts

Good Order. An Owner(s) may seek to transfer ownership of the Annuity, subject to the interest of any assignee or beneficiary of record. We reserve the right to reject any ownership change at any time, on a non-discriminatory basis. We assume no responsibility for the validity or tax consequences of any change of ownership. A change of Beneficiary will take effect on the date the notice of change is received at our Service Office in Good Order. Any change of Owner(s), Annuitant, or Beneficiary(ies) we accept is subject to any transactions processed by us before we receive the notice of change.