Common use of PRIMARY AND SECONDARY BENEFICIARIES Clause in Contracts

PRIMARY AND SECONDARY BENEFICIARIES. The Primary Beneficiary and any Secondary Beneficiary are 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 Secondary 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 7 contracts

Samples: Price T Rowe Variable Annuity Account, Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny

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PRIMARY AND SECONDARY BENEFICIARIES. The Primary Beneficiary and any Secondary Beneficiary are 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 Secondary 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 7 contracts

Samples: Variflex Ls, Variflex Ls, Variflex Ls

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