CHANGE OF BENEFICIARY definition

CHANGE OF BENEFICIARY. 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.
CHANGE OF BENEFICIARY. 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 when:
CHANGE OF BENEFICIARY. To initiate a change of Beneficiary, call the toll-free number listed on your statement or contact the representative who sold you the Contract. We will send you a change request form. We may also ask you to send us the Contract. The change of beneficiary will take effect on the date you sign the change request form, provided such request is received in Good Order. Then, any previous Beneficiary's interest will end as of the date the change request is signed and we receive it in Good Order, even if the Owner or Joint Owner is not living when we process the request. SUSPENSION OR DEFERRAL OF PAYMENTS OR TRANFERS FROM THE SEPARATE ACCOUNT We reserve the right to suspend or postpone payments from the Separate Account for a withdrawal or transfer for any period when:

Examples of CHANGE OF BENEFICIARY in a sentence

  • THE TRUST CAN BE REVOKED BY A CHANGE OF BENEFICIARY UNDER THE POLICY.

  • CHANGE OF BENEFICIARY - To change a Beneficiary, a Written Request for a change of Beneficiary must be received at Our Administrative Office.

  • CHANGE OF BENEFICIARY: To initiate a change of Beneficiary, call the toll-free number listed on your statement or contact the representative who sold you the Contract.

  • CHANGE OF BENEFICIARY - Unless designated irrevocably, the Owner may change the Beneficiary by Written Notice prior to the death of any Owner.

  • CHANGE OF BENEFICIARY Unless you have designated an irrevocable Beneficiary, you may change your designation of a Beneficiary at any time before the Annuity Commencement Date.


More Definitions of CHANGE OF BENEFICIARY

CHANGE OF BENEFICIARY. The Contract Owner may change the Beneficiary or Contingent Beneficiary at any time during the lifetime of the Annuitant. Any such change must be made in writing on a form acceptable to the Company. The change will take effect as of the date such notice is signed. But the Company shall not be liable for any payment made or action taken before it records the change. PURCHASE PROVISIONS PURCHASE PAYMENTS - Subject to the limitations contained herein, purchase payments are payable according to the frequency and in the amount selected by the Contract Owner in the application. The initial purchase payment is due on the Effective Date and must be at least $5,000. Subsequent purchase payments must be at least $250. In the event that the Contract is issued to retirement plans which qualify for favorable tax treatment under Section 401, 403, 404, 408, or 457 of the Internal Revenue Code, the amount of the initial purchase payment must be at least $1,000. Subsequent purchase payments must be at least $100. The Company reserves the right to reject any application or purchase payment.
CHANGE OF BENEFICIARY. To initiate a change of Beneficiary, call the toll-free number listed on your statement or contact the representative who sold you the Contract. We will send you a change request form. We may also ask you to send us the Contract. The change of beneficiary will take effect on the date you sign the change request form, provided such request is received in Good Order. Then, any previous Beneficiary's interest will end as of the date the change request is signed and we receive it in Good Order, even if the Owner is not living when we process the change request. SUSPENSION OR DEFERRAL OF PAYMENTS OR TRANSFERS FROM THE SEPARATE ACCOUNT We reserve the right to suspend or postpone payments from the Separate Account for a withdrawal or transfer for any period when: the New York Stock Exchange is closed (other than customary weekend and holiday closings); trading on the New York Stock Exchange is restricted; an emergency exists as a result of which disposal of shares of the Investment Options held in the Separate Account is not reasonably practicable or it is not reasonably practicable to determine the value of such shares; or during any other period when the Securities and Exchange Commission, by order, so permits for the protection of Owners; provided that applicable rules and regulations of the Securities and Exchange Commission will govern as to whether the conditions described in (2) and (3) exist.
CHANGE OF BENEFICIARY. Unless designated irrevocably, you may change the Beneficiary by Written Notice prior to the death of any Owner. An irrevocable Beneficiary is one whose written consent is needed before you can change the Beneficiary designation or exercise certain other rights. Annuitant—The person or persons on whose life annuity income payments may be based. Owner 1 is the Annuitant unless the Owner designates another person as the Annuitant.
CHANGE OF BENEFICIARY. The right to change beneficiary is reserved to the Cardholder and subject to any provision or rule of law governing the right to change the beneficiary. The consent of the beneficiary or beneficiaries will not be required. The Cardholder may change a beneficiary by filing a written beneficiary change with the Insurer but such change shall not be operative until recorded by the Insurer and will relate back to and take effect as of the date the request was signed, but without prejudice to the Insurer on account of any payment made before receipt of such beneficiary change. To change Your beneficiary designation, call the Administrator at 0-000-000-0000. Subrogation: Following payment of an Insured Person’s claim for loss or damage, the Insurer shall be subrogated to the extent of the amount of such payment, to all of the rights and remedies of the Insured Person against any party in respect of such loss or damage, and shall be entitled at its own expense to sue in the name of the Insured Person. The Insured Person shall give the Insurer all such assistance as is reasonably required to secure its rights and remedies, including the execution of all documents necessary to enable the Insurer to bring suit in the name of the Insured Person.
CHANGE OF BENEFICIARY. To initiate a change of Beneficiary, call the toll-free number listed on your statement or contact the representative who sold you the Contract. We may also ask you to send us the Contract. The change will take effect only when we process the request. Then, any previous Beneficiary's interest will end as of the date we receive the request in Good Order, even if the Owner or Joint Owner is not living when we process the request. We will not be liable for any payment made or action taken before we record the change. SUSPENSION OR DEFERRAL OF PAYMENTS OR TRANSFERS FROM THE SEPARATE ACCOUNT We reserve the right to suspend or postpone payments from the Separate Account for a withdrawal or transfer for any period when:
CHANGE OF BENEFICIARY means the form adopted from time to time by the Administrator for use under this Plan, acceptable to the Insurer, which shall be utilized by a Participant to change his or her Beneficiary.
CHANGE OF BENEFICIARY means the act of changing a Beneficiary on a Change of Beneficiary Designation form to another individual, trust or estate of the Participant using a form acceptable to the Insurer and Administrator. The consent of a Beneficiary to change a Beneficiary shall not be required. The proper designation of a Beneficiary shall be the Beneficiary as designated on the last Change of Beneficiary Designation form on file with the Insurer or the Company.