Common use of SUCCESSION IN INTEREST OF BENEFICIARIES Clause in Contracts

SUCCESSION IN INTEREST OF BENEFICIARIES. The rights and benefits that a beneficiary becomes entitled to under the contract are shared equally among all surviving direct beneficiaries, if any, otherwise equally among all surviving contingent beneficiaries, if any, otherwise to the Owner or the Owner's Estate.

Appears in 18 contracts

Samples: NML Variable Annuity Account B, NML Variable Annuity Account A, NML Variable Annuity Account A

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SUCCESSION IN INTEREST OF BENEFICIARIES. The rights and benefits that a beneficiary becomes entitled to under the contract are shared equally among all surviving direct beneficiaries, if any, otherwise equally among all surviving contingent beneficiaries, if any, otherwise to the Owner or the Owner's ’s Estate.

Appears in 6 contracts

Samples: NML Variable Annuity Account A, NML Variable Annuity Account B, NML Variable Annuity Account B

SUCCESSION IN INTEREST OF BENEFICIARIES. The rights and benefits that a beneficiary becomes entitled to under the contract Contract are shared equally among all surviving direct beneficiaries, if any, otherwise equally among all surviving contingent beneficiaries, if any, otherwise to the Owner or the Owner's ’s Estate.

Appears in 4 contracts

Samples: NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co

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SUCCESSION IN INTEREST OF BENEFICIARIES. The rights and benefits that a beneficiary becomes entitled to under the contract are shared snared equally among all surviving direct beneficiaries, if any, otherwise equally among all surviving contingent beneficiaries, if any, otherwise to the Owner or the Owner's ’s Estate.

Appears in 1 contract

Samples: NML Variable Annuity Account B

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