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JOINT OWNER definition

JOINT OWNERA Contract may be owned by Joint Owners. If Joint Owners are named, any Joint Owner must be the spouse of the other Contract Owner. Upon the death of either Contract Owner, the surviving spouse will be the primary Beneficiary. Any other Beneficiary designation will be treated as a contingent Beneficiary unless otherwise indicated in an Authorized Request.
JOINT OWNER. If there is more than one Contract Owner, each Contract Owner shall be a Joint Owner of the Contract. Joint Owners have equal ownership rights and must both authorize any exercising of those ownership rights unless otherwise allowed by us. Any Joint Owner must be the spouse of the other Contract Owner.
JOINT OWNER means an individual who owns property

Examples of JOINT OWNER in a sentence

  • For example, a member might have a Savings and Checking Account with a Joint owner but an IRA under the member’s name only.


More Definitions of JOINT OWNER

JOINT OWNER. [Xxxx Xxx] SEX: [F] AGE AT ISSUE: [50] ANNUITANT: [Xxxx Xxx] SEX: [M] AGE AT ISSUE: [50] CONTRACT NUMBER: [12345678] ISSUE DATE: [February 15, 2001] PLAN TYPE: [Qualified or Non-Qualified] ANNUITY DATE: [May 1, 2040]
JOINT OWNER. [No Joint Owner] Joint Owner Issue Age: [N/A] Annuitant: [Xxxx Xxx] Annuitant Issue Age: [45] Joint Annuitant: [No Joint Annuitant] Joint Annuitant Issue Age: [N/A] Issue Date: [June 1, 2023] Issue State: NY Premium Amount: [$25,000] Income Date: [June 1, 2073] Primary Beneficiary(ies): [Xxxxx Xxx] Contingent Beneficiary(ies): [Xxxx Xxx]
JOINT OWNER means an individual that is an Owner of an Eligible Account with the Primary Owner.
JOINT OWNER means an individual who owns property concurrently with one or
JOINT OWNER means an individual who owns property concurrently with one or more other individuals with a right of survivorship. The term includes a joint tenant and tenant by the entirety. The term does not include a tenant in common.
JOINT OWNER. NAME: CONTRACT DATE: Xxxx Xxx July 1, 1999 ANNUITANT NAME: ANNUITY START DATE: Xxxx Xxx ANNUITANT DATE OF BIRTH: PLAN: October 5, 1960 Non-Qualified
JOINT OWNER. NAME: Xxxx X Xxx ISSUE DATE: 6-30-1997 JOINT OWNER DATE OF BIRTH: 7-18-1981 ANNUITY STATE DATE: 7-1-2052* ANNUITANT NAME: Xxxxx X. Xxx PLAN: Non-Qualified ANNUITANT DATE OF BIRTH: 5-13-1987 ASSIGNMENT: This Policy may be assigned. See Assignment Provision ANNUITANT'S SEX: Female of your Policy. PRIMARY BENEFICIARY NAME: Xxxxx X. Xxx -------------------------------------------------------------------------------- INITIAL PURCHASE PAYMENT $25,000 MINIMUM SUBSEQUENT PURCHASE PAYMENTS $500 ($50 pursuant to an automatic investment program) MINIMUM SYSTEMATIC WITHDRAWAL $100 MORTALITY AND EXPENSE RISK CHARGE 1.25% Annually (1.2% annually during Annuity Options 1-4, 7 and 8.) ADMINISTRATION CHARGE .15% Annually (0% annually during Annuity Options 1-4, 7 and 8.) WITHDRAWAL CHARGES: FREE WITHDRAWAL PERCENTAGE 10% GUARANTEED RATE 3.00% ANNUITY OPTION Life with 10-Year Fixed Period Option* SUBACCOUNTS: Money Market Subaccount High Grade Income Subaccount High Yield Subaccount Global Aggressive Bond Subaccount Growth-Income Subaccount Equity Income Subaccount Managed Asset Allocation Subaccount Specialized Asset Allocation Subaccount Growth Subaccount Value Subaccount Worldwide Equity Subaccount Social Awareness Subaccount Emerging Growth Subaccount METHOD FOR DEDUCTIONS: Deductions for Premium Taxes, and any unallocated partial withdrawals, including Systematic Withdrawals, will be made sequentially from the Contract Value in descending order of the Subaccounts listed above. The Fixed Account is the last Account charged. The value of each Account will be depleted before the next is charged. * The Owner may select the Annuity Start Date and the Annuity Option. If no Annuity Start Date or Annuity Option is selected by the Owner, they will be assigned automatically. V6025 A (1-97) 3 -------------------------------------------------------------------------------- DEFINITIONS -------------------------------------------------------------------------------- ACCOUNT An Account is one of the Subaccounts or the Fixed Account. ACCUMULATION UNIT The Accumulation Unit is a unit of measure. It is used to compute the Separate Account Contract Value prior to the Annuity Start Date. It is also used to compute the Variable Annuity Payments for Annuity Options 5 and 6.