NAMING AND CHANGE OF BENEFICIARIES. BY OWNER. The Owner may name and change the beneficiaries of death proceeds: - while the Insured is living. - during the first 60 days after the date of death of the Insured, if the Insured was not the Owner immediately prior to the Insured's death. A change made during this 60 days may not be revoked.
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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)
NAMING AND CHANGE OF BENEFICIARIES. BY OWNER. The Owner may name and change the beneficiaries of death proceeds: - while the Insured is living. - during the first 60 days after the date of death of the Insured, if the Insured just before his death was not the Owner immediately prior to the Insured's deathOwner. A No one may change made this naming of a direct beneficiary during this 60 days may not be revokeddays.
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)
NAMING AND CHANGE OF BENEFICIARIES. BY OWNERBy Owner. The Owner may name and change the beneficiaries of death proceeds: - . while the Insured is living. - . during the first 60 days after the date of death of the Insured, if the Insured was not the Owner immediately prior to the Insured's death. A change made during this 60 days may not be revoked.. By Direct Beneficiary. A direct beneficiary may name and change the contingent beneficiaries and further payees of the direct beneficiary's share of the proceeds:
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