Common use of PROTECTION OF PROCEEDS Clause in Contracts

PROTECTION OF PROCEEDS. To the extent permitted by law, all payments under this Contract shall be free from legal process and the claim of any creditor if the person is entitled to them under this Contract. No payment and no amount under this Contract can be taken or assigned in advance of its payment date unless the Company receives the Contract Owner’s written consent.

Appears in 3 contracts

Samples: Annuity Contract (C M Multi Account A), Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4), Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)

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PROTECTION OF PROCEEDS. To the extent permitted by law, all All payments under this Contract shall be free from legal process and the claim of any creditor if the person is entitled to them under this Contract, to the extent permitted by law. No payment and no amount under this Contract can be taken or assigned in advance of its payment date unless the Company receives the Contract Owner’s We receive Your written consent.

Appears in 2 contracts

Samples: Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4), Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)

PROTECTION OF PROCEEDS. To the extent permitted by law, all payments under this Contract shall be free from legal process and the claim of any creditor if of the person is entitled to them under this Contract. No payment and no amount under this Contract can be taken or assigned in advance of its payment date unless the Company receives the Contract Owner’s written consent.

Appears in 2 contracts

Samples: Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4), Annuity Contract (Massachusetts Mutual Variable Annuity Separate Account 4)

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PROTECTION OF PROCEEDS. To the extent permitted by law, all payments under this Contract shall be free from legal process and or the claim of any creditor if the person is entitled to them under this Contractcreditor. No payment and no amount under this Contract can be taken or assigned in advance of its payment date unless We receive the Company receives the Contract Owner’s 's written consent.

Appears in 1 contract

Samples: Annuity Contract (Ml of New York Variable Annuity Separate Account A)

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