Common use of Ownership of Policy Clause in Contracts

Ownership of Policy. The Trust shall be the sole and absolute owner of the Policy and shall have and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, including without limitation the right to designate the Policy beneficiary and the right to elect and change both the Total Sum Insured at Issue and the investment options of the Policy, except as may otherwise be provided herein.

Ownership of Policy. The Trust shall be the sole and absolute owner of the Policy and shall have and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, including without limitation the right to designate the Policy beneficiary and the right to elect and change both the Total Sum Insured at Issue Selected Face Amount and the investment options of the Policy, except as may otherwise be provided herein.

Ownership of Policy. The Trust shall be the sole and absolute owner of the Policy and shall have and may exercise all ownership owner- ship rights granted to the owner thereof by the terms of the Policy, including without limitation the right to designate the Policy beneficiary and the right to elect and change both the Total Sum Insured In- sured at Issue and the investment options of the Policy, except as may otherwise be provided herein.

Ownership of Policy. The Trust shall be the sole and absolute owner of the Policy and shall have Policy, and may exercise all ownership rights granted to the owner thereof by the terms of the Policy, including without limitation the right to designate the Policy beneficiary and the right to elect and change both the Total Sum Insured at Issue and the investment options of the Policy, except as may otherwise be provided herein.