TO WHOM PAYABLE Sample Clauses

TO WHOM PAYABLE. The Policyholder in trust for the benefit of such one or more persons as the Policyholder in its absolute discretion shall decide in accordance with the Scheme.

TO WHOM PAYABLE. Any benefit becoming payable be paid you, except as in the paragraph. If you predecease the dependent, the death benefit will be paid to the estate of the dependent or, at Great-West Life’s option, a relative of the dependent. Any amount of optional coverage becoming payable on account of the death of your spouse will be payable to the beneficiary as determined under the beneficiary rules shown on the General page.

TO WHOM PAYABLE. If you have a spouse on your date of death the death benefit is payable to your spouse. If you do not have a spouse on your date of death or if you and your spouse are living separate and apart, the death benefit is payable to your designated beneficiary and if there is no designated beneficiary, to your estate. Subject to any statutory restrictions, you may from time to time change the beneficiary. The right of the spouse to receive the above death benefit may be jointly waived by you and your spouse, in which event the benefit will be payable to your designated The spousal waiver form must be in writing in the prescribed form required by the applicable Government Legislation.