Common use of NAMING AND CHANGING A SUCCESSOR OWNER Clause in Contracts

NAMING AND CHANGING A SUCCESSOR OWNER. An Owner may name and change a Successor Owner. Naming or changing a Successor Owner will be effective on receipt at the Home Office of a written request for such change that is acceptable to the Company. A Successor Owner succeeds to the interests of an Owner only if the Owner was not the Annuitant at the time of the Owner's death.

Appears in 17 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Variable Annuity Contract (NML Variable Annuity Account B)

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NAMING AND CHANGING A SUCCESSOR OWNER. An Owner may name and change a Successor Owner. Naming or changing a Successor Owner will be effective on receipt at the Home Office of a written request for such change that is acceptable to the Company. A Successor Owner succeeds to the interests of an Owner only if the Owner was not the Annuitant at the time of the Owner's ’s death.

Appears in 12 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 Account A), Flexible Payment Variable Annuity (NML Variable Annuity Account B)

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NAMING AND CHANGING A SUCCESSOR OWNER. An If the Owner is not the Annuitant, the Owner may name and or change a Successor Owner. Naming or changing a Successor Owner will be effective on receipt at the Home Office of a written request for such change that is acceptable to the Company. A Successor Owner succeeds to the interests of an Owner only if the Owner was not the Annuitant at the time of the Owner's ’s death.

Appears in 5 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 A)

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