Common use of Power to Appoint Clause in Contracts

Power to Appoint. The spouse of the Annuitant will have the power alone and in all events to appoint all amounts payable to the spouse under the contract if: a. just before the Annuitant's death, the Annuitant was the Owner; and b. the spouse is a direct beneficiary; and c. the spouse survives the Annuitant. o TO WHOM SPOUSE CAN APPOINT. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other person.

Appears in 5 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)

AutoNDA by SimpleDocs

Power to Appoint. The spouse of the Annuitant will have the power alone and in all events to appoint all amounts payable to the spouse under the contract if: a. just before the Annuitant's death, the Annuitant was the Owner; , and b. the spouse is a direct beneficiary; and c. the spouse survives the Annuitant. o - TO WHOM SPOUSE CAN APPOINT. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other personpersons as contingent beneficiaries and further payees.

Appears in 4 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

Power to Appoint. The spouse of the Annuitant will have the power alone and in all events to appoint all amounts payable to the spouse under the contract if: a. just before the Annuitant's death, the Annuitant was the Owner; and b. the spouse is a direct beneficiary; and c. the spouse survives the Annuitant. o - TO WHOM SPOUSE CAN APPOINT. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other person.

Appears in 3 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

Power to Appoint. The spouse of the Annuitant will have the power alone and in all events to appoint all amounts payable to the spouse under the contract if: a. just before the Annuitant's death, the Annuitant was the Owner; and b. the spouse is a direct beneficiary; and c. the spouse survives the Annuitant. o - TO WHOM SPOUSE CAN APPOINT. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other personpersons as contingent beneficiaries and further payees.

Appears in 2 contracts

Samples: Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)

AutoNDA by SimpleDocs

Power to Appoint. The spouse of the Annuitant will have the power alone and in all events to appoint all amounts payable to the spouse under the contract if: a. contract: (a) if the Annuitant just before the Annuitant's death, the Annuitant his death was the Owner; and b. ; (b) if the spouse is a direct beneficiary; and c. and (c) if the spouse survives the Annuitant. o TO WHOM SPOUSE CAN APPOINT. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other person.

Appears in 1 contract

Samples: Deferred Variable Annuity Contract (NML Variable Annuity Account B)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!