SUCCESSION IN INTEREST OF BENEFICIARIES UNDER PAYMENT PLANS. Direct Beneficiary. Amounts payable under a payment plan will be payable to the direct beneficiary.
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Samples: Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity (NML Variable Annuity Account A)