Common use of PROTECTION OF PROCEEDS Clause in Contracts

PROTECTION OF PROCEEDS. No Beneficiary may commute, encumber, alienate or assign any payments under this Contract before they are due. To the extent permitted by law, no payments will be subject to the debts, contracts or engagements of any Beneficiary or to any judicial process to levy upon or attach the same for payment thereof.

Appears in 10 contracts

Samples: Allianz Life Variable Account B, Allianz Life of Ny Variable Account C, Preferred Life Variable Account C

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PROTECTION OF PROCEEDS. No Beneficiary may commute, encumber, encumber or alienate or assign any payments under this Contract Policy before they are due. To the extent permitted by law, no No payments will shall be subject to the debts, contracts contract or engagements of any Beneficiary or nor to any judicial process to levy upon or attach the same for payment thereofof such debts.

Appears in 5 contracts

Samples: Provident Mutual Variable Growth Separate Account, Nationwide Provident Vli Separate Account A, Provident Mutual Variable Life Separate Account

PROTECTION OF PROCEEDS. No Beneficiary may commute, encumber, encumber or alienate or assign any payments under this Contract before they are due. To the extent permitted by law, no No annuity payments will shall be subject to the debts, contracts contract or engagements of any Beneficiary or nor to any judicial process to levy upon or attach the same for payment thereofof such debts.

Appears in 3 contracts

Samples: Providentmutual Variable Annuity Separate Account, Providentmutual Variable Annuity Separate Account, Provident Mutual Variable Annuity Separate Account

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PROTECTION OF PROCEEDS. No Beneficiary may commute, encumber, alienate or assign any payments under this Contract before they are due. To the extent permitted by law, no payments will be subject to the debts, contracts or engagements of any Beneficiary payee or to any judicial process to levy upon or attach the same for payment thereofsame.

Appears in 3 contracts

Samples: Forethought Life Insurance Co, Forethought Life Insurance Co, Forethought Life Insurance Co

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