PRIMARY AND CONTINGENT BENEFICIARIES. The Primary Beneficiary is named on page 3. The Owner may change any Beneficiary as described in "Ownership and Beneficiary Changes" below. If the Primary Beneficiary dies prior to the Owner, the Contingent Beneficiary becomes the Primary Beneficiary. Unless the Owner directs otherwise, when there are two or more Primary Beneficiaries, they will receive equal shares.
Appears in 12 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii)
