SUCCESSOR OWNER. The person designated to become the Owner upon the death of the Owner, provided the Owner was not the Annuitant at the time of the Owner’s death. TRANSFER FEE. A deduction that is made from the amount transferred between Investment Accounts. VALUATION DATE. Any day on which the assets of the Separate Account are valued. Assets are valued as of the close of trading on the New York Stock Exchange for each day the Exchange is open. WITHDRAWAL CHARGE. A deduction that is made from maturity benefits and withdrawal amounts. WITHDRAWAL CHARGE FREE AMOUNT. For a withdrawal, the amount that can be withdrawn without a Withdrawal Charge prior to the withdrawal of Net Purchase Payments.
Appears in 5 contracts
Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)
SUCCESSOR OWNER. The person designated to become the Owner upon the death of the Owner, provided the Owner was not the Annuitant at the time of the Owner’s 's death. TRANSFER FEE. A deduction that is made from the amount transferred between Investment Accounts. VALUATION DATE. Any day on which the assets of the Separate Account are valued. Assets are valued as of the close of trading on the New York Stock Exchange for each day the Exchange is open. WITHDRAWAL CHARGE. A deduction that is made from maturity benefits and withdrawal amounts. WITHDRAWAL CHARGE FREE AMOUNT. For a withdrawal, the amount that can be withdrawn without a Withdrawal Charge prior to the withdrawal of Net Purchase Payments.
Appears in 3 contracts
Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)
