INCOME PLAN ELECTIONS. For Death Benefit. The Owner may elect an income plan for the death benefit. If the Annuitant is the Owner, and no income plan has been elected by the Owner upon the death of the Annuitant, the Beneficiary may elect an income plan for the death benefit.
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Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B)
INCOME PLAN ELECTIONS. For Death Benefit. The Owner may elect an income plan for the death benefit. If the Annuitant is the Owner, and no income plan has been elected by the Owner upon the death of the Annuitant, the Beneficiary may elect an income plan for the death benefit. For Maturity Benefits or Withdrawal Amounts. The Owner may elect an income plan for the maturity benefit or for withdrawal amounts. The Owner will be the direct beneficiary.
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