Common use of Authorized Request Clause in Contracts

Authorized Request. A signed and dated request that is in Good Order. A request to transfer value, change a party to the contract, change the Income Payout Date, or request a partial withdrawal or full surrender of the contract must be signed by all Owners. An Authorized Request may also include a phone, fax or electronic request for specific transactions.

Appears in 1 contract

Sources: Single Premium Deferred Variable Annuity Contract (MEMBERS Life Insurance Co)

Authorized Request. A signed and dated request that is in Good Order. A request to transfer value, change your allocation instructions must be signed by all Owners. A request to change a party to the contract, change the Income Payout Date, Date or request a partial withdrawal or full surrender of the contract must be signed by all Owners. An Authorized Request may also include a phone, fax or electronic request for specific transactions.

Appears in 1 contract

Sources: Annuity Contract (MEMBERS Life Insurance Co)