BENEFICIARY CHANGE Sample Clauses

BENEFICIARY CHANGE. The Owner may change the designation while the Annuitant is alive unless otherwise provided in the previous designation. A change may be made by filing a written request with the Home Office. The request must be in a form acceptable to the Company. The Company may require this Contract for endorsement of a change.
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BENEFICIARY CHANGE. You have the right to name a Beneficiary on the application. You may name a Beneficiary who cannot be changed without his/her consent. This is an irrevocable Beneficiary. You may add a Beneficiary or change the Beneficiary by written request during your lifetime, if:
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BENEFICIARY CHANGE. Subject to the rights of any irrevocable Beneficiary(ies), the Owner may change the primary Beneficiary(ies) or contingent Beneficiary(ies). A change may be made by Formal Request. The change will take effect as of the date the Formal Request is signed. The Company will not be liable for any payment made or action taken before it records the change. SUSPENSION OR DEFERRAL OF PAYMENTS PROVISIONS The Company reserves the right to suspend or postpone payments from the Separate Account for a withdrawal or transfer for any period listed below, provided that applicable rules and regulations of the Securities and Exchange Commission will govern as to whether the conditions described in (2) and (3) below exist. The Company further reserves the right to postpone payments from the Fixed Account for a period of up to six (6) months.
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BENEFICIARY CHANGE. Clearly print the full name, age (if minor) and relationship of the new beneficiary(ies) to the insured.
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BENEFICIARY CHANGE. You may change your Beneficiary to a Member of the Family of the former Beneficiary without adverse federal income tax consequences. Otherwise, the change may be subject to federal income taxes. There also may be federal gift, estate and generation-skipping tax consequences of changing the Beneficiary. Earnings. Earnings within an Account should not result in taxable income to the Account Owner or Beneficiary while the earnings are retained in the Account.
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BENEFICIARY CHANGE. The Beneficiary(ies) may be changed by the Owner by written notice only. The Beneficiary(ies) may be made irrevocable by a written notice filed with and acknowledged by the Company. An irrevocable Beneficiary may only be changed with written consent of such Beneficiary. Beneficiary changes will take effect on the date the notice is signed, subject to receipt by the Company. Deferment of Payment - If a lump sum or cash withdrawal is to be paid from the Separate Account, payment will be made within seven days from the date the election becomes effective. The Company may defer cases where the New York Stock Exchange is closed or the SEC has restricted trading, or when the SEC allows the Company to defer payments in order to protect its Contract Owners. Non-Participating - This Contract does not pay dividends. It will not share in any Company profits or surplus earnings.
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BENEFICIARY CHANGE. Subject to the rights of any irrevocable Beneficiary(ies), the Owner may change the primary Beneficiary(ies) or contingent Beneficiary(ies). A change may be made by Written Request. The change will take effect as of the date the Written Request is signed. The Company will not be liable for any payment made or action taken before it records the change. -------------------------------------------------------------------------------- SUSPENSION OR DEFERRAL OF PAYMENTS PROVISION -------------------------------------------------------------------------------- The Company reserves the right to suspend or postpone payments from the Separate Account for a withdrawal or transfer for any period listed below, provided that applicable rules and regulations of the Securities and Exchange Commission will govern as to whether the conditions described in (2) and (3) below exist.
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Related to BENEFICIARY CHANGE

  • Beneficiary Designation: Change The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

  • Beneficiary Designation The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Director of Human Resources of the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.

  • Beneficiary Designations The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. The Executive's beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

  • CHANGE OF BENEFICIARY 18.1 The policyholder has the authority to appoint another beneficiary during the life of the insured person.. However, if the beneficiary has declared, with the written consent of the policyholder, that he accepts the benefit of the contract, the policyholder can exercise his rights under the contract only with the cooperation of the beneficiary, who has so accepted. The change will take effect from the moment that the insurer has noted this on the policy.

  • Beneficiary The Participant may file with the Committee a written designation of a beneficiary on such form as may be prescribed by the Committee and may, from time to time, amend or revoke such designation.

  • No Beneficiary Designation If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary. If the Executive has no surviving spouse, the benefits shall be made to the personal representative of the Executive’s estate.

  • Notice of Change of Beneficiary Immediately prior to any transfer of Stock to a Management Stockholder’s Trust, the Management Stockholder shall provide the Company with a copy of the instruments creating the Management Stockholder’s Trust and with the identity of the beneficiaries of the Management Stockholder’s Trust. The Management Stockholder shall notify the Company as soon as practicable prior to any change in the identity of any beneficiary of the Management Stockholder’s Trust.

  • Death of the Participant The Advisory Committee will direct the Trustee, in accordance with this Section 6.01(C), to distribute to the Participant's Beneficiary the Participant's Nonforfeitable Accrued Benefit remaining in the Trust at the time of the Participant's death. Subject to the requirements of Section 6.04, the Advisory Committee will determine the death benefit by reducing the Participant's Nonforfeitable Accrued Benefit by any security interest the Plan has against that Nonforfeitable Accrued Benefit by reason of an outstanding Participant loan.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan and is the designated beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations.

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