Receipt of Payment. If any Owner, Annuitant, Beneficiary or Xxxxx is incapable of giving a valid receipt for any payment, we may make such payment to whomever has legally assumed her or his care and principal support. Any such payment shall fully discharge us to the extent of that payment. Premium Tax — Premium tax will be deducted, if applicable. Premium tax may be deducted from a Purchase Payment when accepted, from the Surrender Value, from the death benefit, or from amounts applied to an Annuity Option.
Appears in 13 contracts
Samples: Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account a of Protective Life), Individual Flexible Premium Deferred Variable Annuity Contract (Protective Variable Annuity Separate Account)
Receipt of Payment. If any Owner, Annuitant, Beneficiary or Xxxxx is incapable of giving a valid receipt for any payment, we may make such payment to whomever has legally assumed her or his care and principal support. Any such payment shall fully discharge us to the extent of that payment. Premium Tax — – Premium tax will be deducted, if applicable. Premium tax may be deducted from a Purchase Payment when accepted, from the Surrender Value, from the death benefit, or from amounts applied to an Annuity Option.
Appears in 2 contracts
Samples: Individual Flexible Premium Deferred Variable Annuity Contract (PLAIC Variable Annuity Account S), Individual Flexible Premium Deferred Variable Annuity Contract (Protective Variable Annuity Separate Account)
