Common use of OWNER AND BENEFICIARY Clause in Contracts

OWNER AND BENEFICIARY. 3.1 WHAT ARE YOUR RIGHTS The owner has all rights, title and interest in AS OWNER OF THIS this contract during the accumulation period CONTRACT? while the annuitant is living. You may exercise all rights and options stated in this contract, subject to the rights of any irrevocable beneficiary. Assignment of your contract as collateral security will not be allowed.

Appears in 2 contracts

Samples: Flexible Premium Deferred Variable Annuity Contract (Cuna Mutual Variable Annuity Account), Flexible Premium Deferred Variable Annuity (Cuna Mutual Variable Annuity Account)

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OWNER AND BENEFICIARY. 3.1 4.1 WHAT ARE YOUR RIGHTS The owner has all rights, title and interest in RIGHTS AS OWNER OF THIS this contract during the accumulation period CONTRACT? while the annuitant is living. You may exercise all rights and options stated in this contract, subject to the rights of any irrevocable beneficiary. Assignment of your contract as collateral security will not be allowed.

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity (Cuna Mutual Variable Annuity Account)

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OWNER AND BENEFICIARY. 3.1 WHAT ARE YOUR RIGHTS The owner has all rights, title and interest in this RIGHTS AS OWNER OF THIS this contract during the accumulation period while the OF THIS CONTRACT? while the annuitant is living. You may exercise all rights and options stated in this contract, subject to the rights of any irrevocable beneficiary. Assignment of your contract as collateral security will not be allowed.

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity (Cuna Mutual Life Variable Annuity Account)

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