Common use of AN OWNER IS NOT AN INDIVIDUAL Clause in Contracts

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner or beneficial Owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant will be treated as the Owner of the policy, and (2) if there is any change in the primary Annuitant, such a change will be treated as the death of the Owner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection B or C or D above, (1) the primary Annuitant annuitant will be treated as the Owner owner of the policy, and (2) if there is any change in the primary Annuitantannuitant, such a change will be treated as the death of the Ownerowner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s federal income tax mandatory distribution provisions in subsection B or C or D above, (1) the primary Annuitant will be treated as the Owner owner of the policycontract, and (2) if there is any change in the primary Annuitant, such a change will be treated as the death of the Ownerowner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-–qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant annuitant will be treated as the Owner owner of the policy, and (2) if there is any change in the primary Annuitantannuitant, such a change will be treated as the death of the Ownerowner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-–qualified annuity, if any Owner or beneficial Owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant will be treated as the Owner of the policy, and (2) if there is any change in the primary Annuitant, such a change will be treated as the death of the Owner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant annuitant will be treated as the Owner owner of the policy, and (2) if there is any change in the primary Annuitantannuitant, such a change will be treated as the death of the Ownerowner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s federal income tax mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant will be treated as the Owner owner of the policycontract, and (2) if there is any change in the primary Annuitant, such a change will be treated as the death of the Ownerowner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s 's mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant will be treated as the Owner owner of the policy, and (2) if there is any change in the primary Annuitant, such a change will be treated as the death of the Ownerowner.

AN OWNER IS NOT AN INDIVIDUAL. In the case of a non tax-qualified annuity, if any Owner owner or beneficial Owner owner is not an individual, then for purposes of Section 72(s) of the Internal Revenue Code’s 's mandatory distribution provisions in subsection C or D above, (1) the primary Annuitant will be treated as the Owner owner of the policycontract, and (2) if there is any change in the primary Annuitant, such a change will be treated as the death of the Ownerowner.