SUCCESSION IN INTEREST OF BENEFICIARIES. DIRECT BENEFICIARIES. The maturity or death benefits or withdrawal amounts will be payable in equal shares to the direct beneficiaries who survive and receive payment. If a direct beneficiary dies before receiving all or part of the direct beneficiary's full share, the unpaid portion will be payable in equal shares to the other direct beneficiaries who survive and receive payment.
Appears in 8 contracts
Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)
SUCCESSION IN INTEREST OF BENEFICIARIES. DIRECT BENEFICIARIESDirect Beneficiaries. The maturity or death benefits or withdrawal amounts will be payable in equal shares to the direct beneficiaries who survive and receive payment. If a direct beneficiary dies before receiving all or part of the direct beneficiary's ’s full share, the unpaid portion will be payable in equal shares to the other direct beneficiaries who survive and receive payment.
Appears in 4 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)
