Power to Appoint. The spouse of the Insured will have the power alone and in all events to appoint all amounts payable to the spouse under the policy if: a. immediately before the Insured's death, the Insured was the Owner; and b. the spouse is a direct beneficiary; and c. the spouse survives the Insured. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other persons as contingent beneficiaries and further payees.
Appears in 4 contracts
Samples: Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account), Flexible Premium Variable Life Insurance Policy (Northwestern Mutual Variable Life Account)
Power to Appoint. The spouse of the Insured will have the power alone and in all events to appoint all amounts payable to the spouse under the policy if: :
a. immediately before the Insured's death, the Insured was the Owner; and and
b. the spouse is a direct beneficiary; and and
c. the spouse survives the Insured. Under this power, the spouse can appoint: a. to the estate of the spouse; or b. to any other persons as contingent beneficiaries and further payees.
Appears in 2 contracts
Samples: Variable Whole Life Policy (Aerosonic Corp /De/), Variable Whole Life Policy (Aerosonic Corp /De/)
