Common use of Prior to the Annuity Commencement Date Clause in Contracts

Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effectiveas of the date the request was sent. For purposes of determining on whichdate a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 86 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits). A Contingent Annuitant may be named, or changed upon receipt of Notice by LNY. ON OR AFTER THE ANNUITY COMMENCEMENT DATE. The Annuitant or Joint Annuitants may not be changed. Any Contingent Annuitant designation is no longer applicable and is terminated.

Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effectiveas effective as of the date the request was sent. For purposes of determining on whichdate which date a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 86 90 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits). A Contingent Annuitant may be named, or changed upon receipt of Notice by LNY. ON OR AFTER THE ANNUITY COMMENCEMENT DATE. The Annuitant or Joint Annuitants may not be changed. Any Contingent Annuitant designation is no longer applicable and is terminated.

Prior to the Annuity Commencement Date. The Owner may name only one Annuitant. If if the Owner is a tax-exempt entity, the Owner may name one Annuitant or two Joint Annuitants. If if the Owner is a natural person, the Owner has the right to change the Annuitant at any time by sending Notice of change to LNY at its Servicing Office; once received by LNY, the change will be effectiveas of the date the request was sent. For purposes of determining on whichdate a written change of Annuitant is sent, the postmark date will be used. If the Owner is a non-natural person, the Annuitant may not be changed. The new Annuitant must be under the age of 86 as of the effective date of the change. Change of Annuitant may affect the Death Benefit (refer to Article 7, Death Benefits). A Contingent Annuitant may be named, or changed upon receipt of Notice by LNY. ON OR AFTER THE ANNUITY COMMENCEMENT DATE. The Annuitant or Joint Annuitants may not be changed. Any Contingent Annuitant designation is no longer applicable and is terminated.