Northwestern Mutual Life Insurance Company. CONTINGENT ANNUITANT The person who becomes the Annuitant upon the death of an Annuitant. CONTRACT FEE An annual charge for administration expenses made on each contract anniversary prior to the Maturity Date. CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries. DIVISION A component of the Separate Account to which the Owner may allocate Net Purchase Payments and contract values.
Appears in 4 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Account A, NML Variable Annuity Account B