Common use of Payee Clause in Contracts

Payee. The payee is the person receiving Proceeds under a settlement option. The payee can be you, the Insured or a Beneficiary. We will require satisfactory proof of the payee's Age under Options 4 and 5. The contingent payee is the person named to receive Proceeds if the payee is not alive.

Payee. The payee is the person receiving Proceeds proceeds under a settlement payment option. The payee can be you, the Insured Annuitant or a Beneficiarybeneficiary. We will require satisfactory proof of the payee's Age age under Options options 4 and 5. The contingent payee is the person named to receive Proceeds proceeds if the payee is not alive.

Payee. The payee is the person receiving Proceeds under a settlement payment option. The payee can be you, the Insured Insured, or a Beneficiary. We will require satisfactory proof of the payee's Age ’s age[ and sex] under Options 4 and 5. The contingent payee is the person named to receive Proceeds if the payee is not alive.

Payee. The payee is the person receiving Proceeds under a settlement payment option. The payee can be you, the Insured Insured, or a Beneficiary. We will require satisfactory proof of the payee's Age ’s age [ and sex] under Options 4 and 5. The contingent payee is the person named to receive Proceeds if the payee is not alive.

Payee. The payee is the person receiving Proceeds proceeds under a settlement option. The payee can be you, the Insured Annuitant or a Beneficiarybeneficiary. We will require satisfactory proof of the payee's Age age under Options 4 and 5. The contingent payee is the person named to receive Proceeds proceeds if the payee is not alive.