Common use of Beneficiaries Clause in Contracts

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX IRA beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX IRA beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX IRA beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX IRA beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX IRA beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXSIMPLE IRA, payments from your Xxxx XXX SIMPLE IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXSIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXSIMPLE IRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your SIMPLE IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX SIMPLE IRA beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX SIMPLE IRA at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXSIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX SIMPLE IRA beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX SIMPLE IRA beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX SIMPLE IRA beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX SIMPLE IRA beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX SIMPLE IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX SIMPLE IRA owner take total distribution of all Xxxx XXX SIMPLE IRA assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your XXX as his or her own. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXHSA, payments from your Xxxx XXX HSA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXHSA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXHSA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse acquires the interest in this HSA by reason of being the beneficiary at your death, this HSA (or in accordance with rules established by the IRS, the relevant portion thereof) will be treated as if the surviving spouse is the designated beneficiaryaccount owner. If the beneficiary is not your spouse, the HSA (or in accordance with rules established by the IRS, the relevant portion thereof) will cease to be an HSA as of the date of your spouse may elect death. Upon learning of your death, we may, in our complete and sole discretion, make a final distribution to treat a beneficiary (other than your Xxxx XXX as spouse) of his or her own Xxxx XXX, and would not be subject to interest in the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXHSA. This designation can only distribution may be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during without the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form consent and may be placed in an interest-bearing (or similar) account that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. Unless indicated otherwise on the application, the responsible individual may not change the designated beneficiary. If you die before you receive all the depositor has indicated on the application that the responsible individual may change the beneficiary designated under this agreement and the responsible individual chooses to do so, the responsible individual must designate a member of the amounts family (as defined in your Xxxx XXX, payments from your Xxxx XXX will IRC Section 529(e)(2)) of the existing designated beneficiary. This designation can only be made to your beneficiarieson a form prescribed by the custodian. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You The depositor or responsible individual may designate one or more persons or entities as beneficiary death beneficiaries of your Xxxx XXXthis Xxxxxxxxx ESA. This designation can only be made on a form provided by or acceptable to usthe custodian, and it will only be effective when it is filed with us the custodian during your lifetimethe lifetime of the designated beneficiary. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us custodian will cancel all previous designations. The consent of a successor death beneficiary will not be required for the original Xxxx XXX beneficiary in order to revoke a successor death beneficiary designation. If both primary and contingent death beneficiaries have been named, and no primary death beneficiary survives the original Xxxx XXX beneficiary does not designate a successor designated beneficiary, his the contingent death beneficiaries will acquire the designated share of this Xxxxxxxxx ESA. If a death beneficiary is not designated with respect to this Xxxxxxxxx ESA, or her if all of the primary and contingent death beneficiaries predecease the designated beneficiary, the designated beneficiary’s estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX death beneficiary. If we so choosethe designated beneficiary dies before receiving all of the amounts in this Xxxxxxxxx ESA, the custodian will have no obligation to pay to the death beneficiaries until such time the custodian is notified of the designated beneficiary’s death by receiving a valid death certificate. Any balance remaining in the Xxxxxxxxx ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a qualified family member under age 30 is named as a death beneficiary. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the original designated beneficiary’s date of death. Qualified family members are defined in IRC Section 529(e)(2). The custodian may, for any reason (e.g., due to limitations of our its charter or bylaws), we may require that a qualified family member who becomes the designated beneficiary of to take a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets the Xxxxxxxxx ESA by December 31 of the year following the year of the original designated beneficiary’s death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiariesbeneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificatedeathcertificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries beneficiary(ies) will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries beneficiary(ies) will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate spouse will be the beneficiary. If , or if there is no spouse living at the time of your surviving spouse is the designated beneficiarydeath, your estate will be thebeneficiary. A spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your XXX as his or her own. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless it is otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary beneficiary(ies) will not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx SIMPLE XXX, payments from your Xxxx SIMPLE XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx SIMPLE XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx SIMPLE XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your SIMPLE XXX as his or her own. We may allow, if permitted by state law, an original Xxxx SIMPLE XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx SIMPLE XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx SIMPLE XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx SIMPLE XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx SIMPLE XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx SIMPLE XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx SIMPLE XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx SIMPLE XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx SIMPLE XXX owner take total distribution of all Xxxx SIMPLE XXX assets by December 31 of the year following the year of death.

Beneficiaries. Unless indicated otherwise on the application, the responsible individual may not change the designated beneficiary. If you die before you receive all the depositor has indicated on the application that the responsible individual may change the beneficiary designated under this agreement and the responsible individual chooses to do so, the responsible individual must designate a member of the amounts family (as defined in your Xxxx XXX, payments from your Xxxx XXX will IRC Section 529(e)(2)) of the existing designated beneficiary. This designation can only be made to your beneficiarieson a form prescribed by the custodian. We have no obligation to pay to your beneficiaries until such time we are notified Page ϯ of your death by receiving a valid death certificate. You ϴ The depositor or responsible individual may designate one or more persons or entities as beneficiary death beneficiaries of your Xxxx XXXthis Xxxxxxxxx ESA. This designation can only be made on a form provided by or acceptable to usthe custodian, and it will only be effective when it is filed with us the custodian during your lifetimethe lifetime of the designated beneficiary. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us custodian will cancel all previous designations. The consent of a successor death beneficiary will not be required for the original Xxxx XXX beneficiary in order to revoke a successor death beneficiary designation. If both primary and contingent death beneficiaries have been named, and no primary death beneficiary survives the original Xxxx XXX beneficiary does not designate a successor designated beneficiary, his the contingent death beneficiaries will acquire the designated share of this Xxxxxxxxx ESA. If a death beneficiary is not designated with respect to this Xxxxxxxxx ESA, or her if all of the primary and contingent death beneficiaries predecease the designated beneficiary, the designated beneficiary’s estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX death beneficiary. If we so choosethe designated beneficiary dies before receiving all of the amounts in this Xxxxxxxxx ESA, the custodian will have no obligation to pay to the death beneficiaries until such time the custodian is notified of the designated beneficiary’s death by receiving a valid death certificate. Any balance remaining in the Xxxxxxxxx ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a qualified family member under age 30 is named as a death beneficiary. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the original designated beneficiary’s date of death. Qualified family members are defined in IRC Section 529(e)(2). The custodian may, for any reason (e.g., due to limitations of our its charter or bylaws), we may require that a qualified family member who becomes the designated beneficiary of to take a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets the Xxxxxxxxx ESA by December 31 of the year following the year of the original designated beneficiary’s death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX IRA beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX IRA beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX IRA beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX IRA beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX IRA beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take a total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death. Alternatively, the beneficiary may transfer the assets to a successor trustee or custodian.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take a total distribution of all Xxxx XXX assets by December 31 of the year following the year of death. Alternatively, the beneficiary may transfer the assets to a successor trustee or custodian.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation Note: Account Proceeds and Securities will be distributed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary benefi- ciary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective ef- fective when it is filed with us during your lifetime. Each Unless oth- erwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designationdesigna- tion. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided pro- vided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation desig- nation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary succes- sor beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the original account owner, a Beneficiary known by the Custodian (Xxxxxx, Xxxxxxxx & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the dis- tribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) or similar act. The designated Custodian under UGMA or UTMA must be in writing and filed with Xxxxxx, Xxxxxxxx & Company, Incorporated prior to the death of the original account holder. The minor shall be deemed to be a minor until such Benefi- ciary reaches 1) the age of majority under the law of the state of the minor’s domicile or 2) a later age for termination of minor status, if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designa- tion accepted by the Custodian. Minors are not legally able to sign contracts, including ac- count agreements to open an Inherited Beneficiary Xxxx XXX account. If you fail to name an UTMA custodian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by the appropriate court. The appropriate court-appointed representative would then have the right to act as the guardian/ custodian for the minor and open the Inherited Beneficiary Xxxx XXX. Please seek competent legal advice before making such a designation. Per Stirpes – Certain accounts (e.g., due Individual Retirement Accounts & Transfer-On-Death accounts) permit the account owner to limitations designate beneficiaries to receive the account following the death of our charter or bylaws)the owner. On accounts that permit beneficiary designation, we may require a check box appears on the benefi- ciary designation form that, when checked, shall serve as the account owner’s direction that, in the event that a beneficiary predeceases the account owner, the deceased beneficiary’s share shall be distributed to his or her lineal descendants by representation (Xxx Xxxxxxx). The shares distributable to descendants under a per stirpes beneficiary designation shall be determined by the law of the state of the account owner’s residence at the time of the account owner’s death. Stifel, in its sole discretion, may determine not to make a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets the account to per stirpes or other unnamed beneficiaries unless and until Stifel has been instructed by December 31 the deceased account owner’s court-appointed personal representative (e.g., executor, administrator) regarding the persons entitled to receive per stirpes distribution and their respective shares. The account owner agrees, on behalf of the year following the year of death.himself or herself

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with and accepted by us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. If you designate your spouse as a beneficiary, your designation will automatically be void upon the dissolution of your marriage by divorce or annulment. Upon your death, we will pay your IRA as if your ex-spouse predeceased you, unless the decree of divorce or other legal document dissolving your marriage designates your spouse as a beneficiary and a copy of that document is provided to us prior to our distribution of your IRA. If you want to continue to designate your ex-spouse as a beneficiary of your IRA, you must file a new beneficiary designation with us, dated after the date of dissolution of your marriage, designating your ex-spouse as beneficiary. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with and accepted by us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death. 9.08 Termination of Agreement, Resignation, or Removal of Custodian – Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we send the notice to you, we have the right to transfer your Xxxx XXX assets to a successor Xxxx XXX trustee or custodian that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your Xxxx XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable investment or policy established.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all If, at the time of your primary and contingent beneficiaries predecease death, either (i) no such designation is in effect or (ii) there is no beneficiary who survives you, your estate will the beneficiary shall be the beneficiary. If your surviving spouse or, if there is no surviving spouse, then your estate. The last designation received and accepted by the designated beneficiaryCustodian prior to your death (the “designation of record”) shall be controlling and, whether or not it fully disposes of the custodial account, shall revoke all other such designations previously mad by you and received by the Custodian. If the designation of record on file with the Custodian does not appear to fully dispose of the custodial account, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse or, if there is no surviving spouse, then your estate shall be the beneficiary of any undisposed of portion of the custodial account or of any portion of the custodial account for which the identity of the beneficiary is, in the opinion of the Custodian, unclear. A spouse beneficiary will also be entitled to such additional beneficiary payment options have all rights as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX IRA beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX IRA beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX IRA beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX IRA beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX IRA beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXHSA, payments from your Xxxx XXX HSA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXHSA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXHSA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse acquires the interest in this HSA by reason of being the beneficiary at your death, this HSA (or in accordance with rules established by the IRS, the relevant portion thereof) will be treated as if the surviving spouse is the designated beneficiaryaccount owner. If the beneficiary is not your spouse, the HSA (or in accordance with rules established by the IRS, the relevant portion thereof) will cease to be an HSA as of the date of your spouse may elect death. Upon learning of your death, we may, in our complete and sole discretion, make a final distribution to treat a beneficiary (other than your Xxxx XXX as spouse) of his or her own Xxxx XXX, and would not be subject to interest in the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXHSA. This designation can only distribution may be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during without the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form consent and may be placed in an interest−bearing (or similar) account that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If At the time of your death, if you do have not designate designated a beneficiary or if all of your primary and contingent beneficiaries predecease youbeneficiary is not alive, your estate the death benefit will be paid in the beneficiaryfollowing order of priority to (1) Your surviving spouse, (2) Your children, including adopted children in equal shares (and if a child is not living, that child's share will be distributed to that child's living descendants), (3) Your surviving parents, in equal shares or (4) Your estate. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If At the time of their death, if the original Xxxx XXX beneficiary does not designate have a successor beneficiarydesignated beneficiary or the beneficiary is not alive, his or her estate the death benefit will be paid in the successor beneficiaryfollowing order of priority to (1) Your surviving spouse, (2) Your children, including adopted children in equal shares (and if a child is not living, that child's share will be distributed to that child's living descendants), (3) Your surviving parents, in equal shares or (4) Your estate. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all Upon the Annuitant’s death or, in the case of Joint Annuitant Contracts, on the death of the amounts last surviving Annuitant, we will pay the proceeds of the Contract to any surviving primary beneficiary or beneficiaries according to the rules summarized below unless a contrary intention is stated in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each the beneficiary designation you file with us will cancel all previous designationsin effect at the time of that death. The consent If the beneficiary(ies) predeceases the Annuitant or, if applicable, the last surviving Annuitant in the case of your beneficiaries will not a Joint Annuitant Contract, a contingent beneficiary for that beneficiary’s share, if still alive at the death of the Annuitant, shall receive that beneficiary’s share of the Death Benefit. If no contingent beneficiary for that share is named or alive at that time, that share shall be required for you payable to revoke a beneficiary designationthe Owner or, if the Owner was the Annuitant, to the estate of the deceased Owner. If you have designated both named more than one primary and contingent beneficiaries and no primary beneficiary survives youbeneficiary, you may specify how the contingent beneficiaries will acquire the designated share of your Xxxx XXXproceeds are to be divided. If you do have not designate a indicated this, we will assume the proceeds should be divided equally among the primary beneficiaries. The same assumption will apply for contingent beneficiaries for any share of the proceeds. You may change the beneficiary or if all of your primary and contingent beneficiaries predecease youat any time, your estate as permitted by any laws that apply to the Contract, by filing a designation with us. The changes will be effective the date that you signed your designation. However, we will only be responsible for acting upon written information that has reached us by the date we make any payments or take any action. We are not responsible for confirming the accuracy or validity of any information that you provide to us. If the beneficiary designation is irrevocable, you may not change it without the beneficiary’s written consent. Please note that in Québec, a legal spouse beneficiary is irrevocable unless you specify that it be revocable. Certain other rights and options, such as withdrawals, assignments, or transfer of ownership, can be exercised only with the written consent of the irrevocable beneficiary. If your surviving spouse the Contract is the designated beneficiarya Locked-in RSP, LIRA, RLSP, LIF, LRIF or RLIF, your spouse or common- law partner may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX have certain rights at the time of your death) to name successor beneficiaries for death that take precedence over the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX rights of any beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does has not designate a successor beneficiary, his or her estate will be reached the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations age of our charter or bylaws)majority, we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 will pay the proceeds of the year following the year of deathContract according to applicable law.

Beneficiaries. The XXX custodial account application includes a section where you may choose your beneficiary or beneficiaries and choose the type of distribution your beneficiaries will receive if you die. If you die before want to change that designation, you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such may do so at any time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it we will only be effective when it provide. Any change in beneficiary will cancel all your prior designations of beneficiary. The last designation of beneficiary which is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate lifetime will be the beneficiarycontrolling designation at death. Prohibited Transactions If you engage in certain transactions with the money in your surviving spouse is the designated beneficiaryXXX custodial account, your spouse may elect XXX will lose its tax exemption. You would then have to treat include the entire value of your Xxxx XXX account in your gross income for federal tax purposes for that year. These transactions which are prohibited (such as his borrowing money from the account) are listed in Section 4975 of the Internal Revenue Code. Tax Filing Requirements Allowable deductions for your XXX contributions are reported on your regular Form 1040 tax return every year. However, if you owe penalty taxes for excess contributions, early withdrawal or her own Xxxx XXXfor "under distributions", you must also file Form 5329. For more information about tax filing requirements or general information about IRAs, contact any IRS district office and/or your tax advisor. Note that Publications 590, available from the IRS, explains much of the information in this Disclosure Statement, and would not provides additional information about IRAs. IRS Approval The Plan has been filed for approval by the Internal Revenue Service as to form for use in establishing IRAs. Such approval when received will not, however, represent determination of the deductibility of any particular contribution made by you or merits of your particular XXX. Miscellaneous Information Your interest in your XXX custodial account is non-forfeitable at all times. No part of your XXX account will be invested in life insurance contracts. No part of your XXX account will be mixed with other property except it may be invested with a common trust fund or a common investment fund. Financial Disclosure/Fees/ Commissions on Products Your contributions to this XXX will be subject to custodial fees which have been furnished to you in a separate schedule. If the required minimum distribution rulesinvestment(s) you choose to fund this XXX is (are) sold by prospectus, consult the applicable prospectus(es) you have been furnished for information concerning (i) the types and amounts of charges which are made against your contributions, (ii) the method for computing and allocating annual earnings, and (iii) the types of other charges which may be applied to your interest in the investment(s) in determining the net amount of money available to you and the method of computing each such charge. Your surviving spouse will Growth in value of this XXX is neither guaranteed nor projected. The prospectus also be entitled outlines the investment objectives of the Fund or Limited Partnership, or other security. You should consider those objectives carefully to such additional beneficiary payment options as determine if they are granted under consistent with your own planning for retirement. Limited Partnership Interests Investments in this XXX are directed by you. The permitted range of investments includes only limited partnership interests and mutual funds made available by the Code or applicable regulationsBroker and accepted by the Custodian. We may allow, if permitted Any decision by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled you to receive distributions from an inherited Xxxx XXX at the time of direct your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can investment into partnership interests should only be made on a form provided by after consideration of the following general facts regarding such interests. These general statements regarding possible tax and other implications of such an investment in no way override or acceptable supplement any applicable prospectus and are intended only to us, and it will only be effective when it is filed acquaint you with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designationspossible issues arising out of such an investment. The consent prospectus should always be referred to in making any investment decision. -- While usually all income received from investments in an XXX are tax free to the account, there are tax rules which state, in effect, that certain income from the active conduct of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his trade or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary business of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 partnership or debt financed income generate unrelated business taxable income (UBTI) which may be taxable to the Custodial Account if it exceeds $1,000 on an annual basis. -- These taxes, if any, are an expense of the year following Account and should be paid by the year Account. The Custodian may, in its sole discretion, liquidate any assets in the Account to satisfy such taxes. -- Funds may be sent to the Custodian to pay these taxes in order to avoid liquidation of death.an asset. Attention should be given to the possibility of an excess contribution from this procedure. Internal Revenue Service Department of the Treasury

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, if applicable, your living spouse will be your beneficiary. If you do not have a living spouse, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. The following named persons and their successors in interest shall be entitled to the earnings, avails and proceeds of said real estate according to the respective interests herein set forth, to wit: The name of any beneficiary may not be disclosed to the public. POWER OF DIRECTION: It is understood and agreed by the parties to this agreement and by any person who may hereafter acquire any interest in this trust that the power of direction referred to on the reverse side hereof shall be in: and shall remain therein, notwithstanding any change in the beneficiary or beneficiaries hereunder, unless changed in writing by the beneficiary or beneficiaries, acting in concert, as provided herein. The trustee shall receive for its services in accepting this trust and taking title hereunder an acceptance fee and in addition each year in advance for holding title an annual fee as determined by the trustee's then current rate schedule and also its regular scheduled fees for executing deeds, mortgages or other instruments. It shall receive reasonable compensation for any special services which may be rendered by it and for taking and holding any other property which may hereafter be conveyed to it hereunder, which fees, charges and other compensation the beneficiaries jointly and severally agree to pay. If you die before you receive all the value of the amounts property is increased for any reason after the trustee has accepted title thereto, the trustee shall be entitled to a reasonable additional annual fee, in your Xxxx XXXaccordance with its schedule of fees for holding title to the property. Written inquiries, payments invoices, legal notices and other similar matters should be forwarded to: THIS AGREEMENT IS SUBJECT TO ADDITIONAL PROVISIONS SET FORTH ON THE FOLLOWING PAGES AND WHICH ARE HEREBY INCORPORATED HEREIN AND MADE A PART HEREOF BY REFERENCE. On the date above written the said beneficiaries have signed this Declaration of Trust and Trust Agreement in order to signify their consent to the terms hereof. Signature Printed Name Address City, State, Zip Phone Signature Printed Name Address City, State, Zip Phone Signature Printed Name Address City, State, Zip Phone Page 1 Signature Printed Name Address City, State, Zip Phone Signature and address of the person having a power of direction if other than a beneficiary. Signature Printed Name Address City, State, Zip Phone IN WITNESS WHEREOF, the INDIANA LAND TRUST COMPANY has caused these presents to be signed by its Trust Officer as and for the act and deed of said corporation, the day and date above written. INDIANA LAND TRUST COMPANY By: , Trust Officer The interest of every beneficiary and of any person who may become entitled to any interest under this trust shall consist only of (1) the power to direct the trustee to deal with title to the property; (2) the power to manage, possess, use and control the property; and (3) the right to receive the earnings, avails, and proceeds from your Xxxx XXX will leases and other uses and from mortgages, sales and other dispositions of the property. Such rights and powers shall be made personal property according to your beneficiariesI.C. 30-4-2-14, and may be assigned as such. We On the death of any beneficiary his interest, except as otherwise specifically provided, shall pass to his executor or administrator and not to his heirs at law. No beneficiary at any time shall have any right, title or interest in or to any portion of the legal or equitable title to the property. The death of any beneficiary shall not terminate the trust or affect the rights or powers of the trustee or of the beneficiaries except as provided by law. By amendment in writing delivered to and accepted by the trustee, any beneficiary having a vested interest hereunder shall at any time or times have the right to revoke, alter or amend the provisions of this trust agreement relative to the person or persons who may be entitled from time to time to the ownership and enjoyment of said beneficiary's interest hereunder. No assignment of any beneficial interest shall be binding on the trustee until the original or executed duplicate of the assignment in form satisfactory to the trustee is delivered to the trustee and accepted by it in writing. Every assignment of any beneficial interest, the original or duplicate of which shall not have been so delivered to and accepted by the trustee, shall be ineffective as to all subsequent assignees or purchasers without notice. The trustee shall have no obligation to file any income, profit or other tax reports or returns or pay such or any other taxes. The beneficiaries will make all such returns and reports, and pay general real estate and all other taxes or charges payable with respect to the property and to the earnings, avails and proceeds of the property or based on their interests under this agreement. If the trustee shall make any advances or incur any expenses on account of this trust or the property or shall incur any expenses by reason of being made a party to any litigation in connection with this trust or the property or if the trustee shall be compelled to pay money on account of this trust or the property, whether for breach of contract, injury to person or property, fines or penalties under any law, or otherwise, the beneficiaries jointly and severally on demand shall pay to your beneficiaries the trustee, with interest at the highest rate per annum permitted by law the amount of all such expenses, advances, or payments made by the trustee, plus all its expenses, including attorney's fees. The trustee shall not be obliged to convey, transfer or otherwise deal with the property or any part of it until all of the payments, advances and expenses made or incurred by it shall have been paid, with interest. The trustee shall not be obligated to pay any money for this trust or the property or to prosecute or defend any legal proceeding involving this trust or the property unless it shall elect to do so and be furnished with sufficient funds or be indemnified to its satisfaction. If the trustee is served with process or notice of legal proceedings or of any other matter concerning the trust or the property, the sole duty of the trustee shall be to forward the process or notice to the person named herein as the person to whom inquiries or notices shall be sent, or, in the absence of such time we are notified designation, to the beneficiaries. The latest address appearing in the records of your death by receiving a valid death certificatethe trustee shall be used for all mailings. You It shall not be the duty of the purchaser of the property or of any part of it to see to the application of the purchase money, nor shall anyone who may designate one deal with the trustee be required or more persons privileged to inquire into the necessity or entities as beneficiary expediency of your Xxxx XXXany act of the trustee, or into the provisions of this agreement. This designation can only agreement shall not be made on a form provided by recorded in the county in which the property is situated, or acceptable elsewhere, but any recording shall not be notice of the rights of any person derogatory to usthe title or powers of the trustee. In this agreement the plural includes the singular, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designationsvice versa, and the masculine gender includes the feminine. The consent trustee may at any time resign by sending by registered or certified mail a notice of your such intention to each of the then beneficiaries will not at his latest address appearing in the records of the trustee. Such resignation shall become effective twenty days after such mailing. On such resignation a successor may be required for you appointed in writing by the persons then entitled to revoke a beneficiary designationdirect the trustee in the disposition of the property, and the trustee shall thereupon convey or transfer the property to such successor. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives yousuccessor is named as above provided with twenty days after the mailing of such notices by the trustee, the contingent trustee may convey or transfer the trust property to the beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXXin accordance with their interests hereunder, and would not the conveyance may be recorded by the trustee and such recording shall constitute delivery of the conveyance or transfer to the beneficiaries. The trustee, at its option, may file a complaint for appropriate relief in any court of competent jurisdiction. Every successor trustee shall become fully vested with all the title, estate, rights, powers, trusts, and shall be subject to the required minimum distribution rulesduties and obligations of its predecessor. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under It is agreed by the Code or applicable regulations. We parties and by any person who may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form hereafter acquire any interest in this trust that the original Xxxx XXX trustee will deal with the trust property including cash or other assets of any kind which may have become subject to the trust only when authorized to do so in writing. It is understood and agreed by the parties hereto and by any person who may hereafter become a party hereto, or a beneficiary files hereunder, that said INDIANA LAND TRUST COMPANY will (subject to the rights of the Trustee as aforesaid) convey title to said real estate, prepare, execute and deliver deeds for or otherwise deal with us will cancel all previous designationssaid trust estate only when properly authorized in writing to do so, by the party or parties designated on the reverse side hereof as having the power of direction. The consent beneficiaries by written instrument delivered to the trustee may revoke the foregoing power of a successor beneficiary will direction and designate the person thereafter to exercise the power. SUCH INSTRUMENT SHALL BE SIGNED BY ALL THE THEN BENEFICIARIES. The trustee shall not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his enter into any personal obligation or her estate will be the successor beneficiary. In no event will the successor beneficiary be able liability dealing with said property or to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, make itself liable for any reason (e.g.damages, costs, expenses, fines or penalties, or to deal with the file so long as any money is due to limitations it hereunder. Otherwise, the trustee shall not be required to inquire into the propriety of our charter any such direction. The beneficiaries shall have the sole possession, management and control of the selling, renting, repairing, maintaining and handling of the property and the trustee shall have no right nor duty in respect to any such matters. The beneficiaries shall have the right to execute leases and collect rents in their own name or bylaws)through their agents. The trustee shall have no right or duty in respect to the payment of taxes or assessments or insurance, we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution litigation or other matters relating to the property, except on written direction accepted by it as above provided and after the payment to it of all Xxxx XXX assets by December 31 money necessary in its opinion to carry out the directions without liability to it. The beneficiaries are not the agents of the year trustee for any purpose and do not have any authority to contract or to execute leases or do any other act for or in the name of the trustee or to obligate the trustee personally or as trustee. Notwithstanding the foregoing limitations upon its powers and duties the trustee shall have and shall exercise with reasonable care the following powers and duties: (1) hold title to the year trust property until properly required to convey or until divested of death.title; (2) receive, inspect, analyze and properly act upon all directives, communications and instruments from beneficiaries, their agents, and attorneys and others; (3) receive, analyze and properly forward or give notice of notices, petitions, hearings, subpoenas, summonses, tax and special assessment matters and other legal matters affecting the trust estate; (4) comply with the provisions of law governing express trusts; (5) receive, inspect, analyze, execute and transmit all deeds, mortgages, notes, options, easements, leases and other instruments relating to or affecting the trust property upon receiving proper directives or orders and communicate in connection therewith in such manner as the trustee deems necessary;

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXRoth IRA, payments from your Xxxx XXX Roth IRA will be made to your beneficiaries. We have no obligation Note: Account Proceeds and Securities will be distributed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary of your Xxxx XXXRoth IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will beneficiary(ies) shall acquire the designated share of your Xxxx XXXRoth IRA. If you do not designate desig- nate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary shall have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsRegulations to treat your Roth IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX beneficiary Roth IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX Roth IRA at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXRoth IRA. This designation can only be made on a form provided pro- vided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylawsRoth IRA beneficiary’s(ies’), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiariesbeneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries beneficiary(ies) will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries beneficiary(ies) will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original Xxxx XXX beneficiary IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s IRA beneficiary’s(ies’) lifetime. Each Unless it is otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary beneficiary(ies) will not be required for the original Xxxx XXX beneficiary IRA beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary IRA beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. The Owner(s) name(s) a Beneficiary or Beneficiaries in the application, and can change Beneficiaries later. If you all the Owners die before you the Annuity Date, we will pay the Contract Value, less any applicable taxes, to the Beneficiary or Beneficiaries who survive all the Owners. If a Beneficiary survives all the Owners but does not live long enough to receive all payment from us, we will pay the Beneficiary's estate. For a Contract owned by a trust, the trust must be named as the sole Beneficiary. Owner(s) must indicate in percentages what portion of the amounts in your Xxxx XXXContract each Beneficiary is to receive. If the total does not equal 100%, payments from your Xxxx XXX each Beneficiary's share will be made to your beneficiariesdetermined by using a fraction, the numerator of which is the stated percentage for that Beneficiary, and the denominator of which is the total of the percentages indicated by the Owner(s). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only Beneficiary designations must be made on in a form provided by or acceptable to us. We reserve the right to reject any Beneficiary designation that we deem to be unadministerable, and it will only be effective when it is filed with such as "per stirpes", which may include designations that contain contingencies that could delay payment or designations that would require us during your lifetimeto refer to external documents or the outcome of legal proceedings. Each beneficiary designation you file with us will cancel After the death of all previous designations. The consent of your beneficiaries will not be required for you the Owners, each Beneficiary has the right to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated withdraw their share of your Xxxx XXXthe Contract Value, as detailed below. If you do not designate Before we make a beneficiary or payment to any Beneficiary, we must receive at our Annuity Service Center due proof of death (generally a death certificate) for each Owner and any required tax withholding and other forms. We may seek to obtain a death certificate directly from the appropriate governmental body if we believe that any Owner may have died. At the close of the Valuation Period in which we receive the death certificate(s), we will transfer any portion of the Contract Value that is in the Investment Options to the Money Market Investment Option. Once we have determined the number of Beneficiaries who will share in the Contract Value, a Beneficiary who has returned all of your primary required documentation to us (including tax withholding and contingent beneficiaries predecease you, your estate other forms) will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect able to treat your Xxxx XXX as transfer his or her own Xxxx XXX, and would not be subject to share of the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under Contract Value among the Code or applicable regulationsInvestment Options. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (will not pay any Beneficiary until we have determined the beneficiary who is number of Beneficiaries entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXpayment. This designation can only is to prevent us from overpaying one Beneficiary before making payment to other Beneficiaries. Once we have received due proof of death and have determined the number of Beneficiaries to be made paid, we will, upon written request received at our Annuity Service Center, pay any Beneficiary who has provided us with required tax withholding and other forms. We will then have no further obligations to that Beneficiary. If a Beneficiary has been designated to receive a specified fraction of the Contract Value, we will pay that fraction as determined on a form provided by or acceptable the date of payment. For example, if there are two Beneficiaries and each is designated to usreceive 50%, the first Beneficiary to receive payment would receive 50% of the Contract Value on the date the payment is made, and it will only the other Beneficiary would later receive the remainder, which might be effective when it is filed with us during worth more or less than what was paid to the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of deathfirst Beneficiary.

Beneficiaries. The Owner(s) name(s) a Beneficiary or Beneficiaries in the application, and can change Beneficiaries later. If you all the Owners die before you the Annuity Date, we will pay the Contract Value, less any applicable taxes, to the Beneficiary or Beneficiaries who survive all the Owners. If a Beneficiary survives all the Owners but does not live long enough to receive all payment from us, we will pay the Beneficiary's estate. For a Contract owned by a trust, the trust must be named as the sole Beneficiary. Owner(s) must indicate in percentages what portion of the amounts in your Xxxx XXXContract each Beneficiary is to receive. If the total does not equal 100%, payments from your Xxxx XXX each Beneficiary's share will be made to your beneficiariesdetermined by using a fraction, the numerator of which is the stated percentage for that Beneficiary, and the denominator of which is the total of the percentages indicated by the Owner(s). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only Beneficiary designations must be made on in a form provided by or acceptable to us. After the death of all the Owners, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you each Beneficiary has the right to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated withdraw their share of your Xxxx XXXthe Contract Value, as detailed below. If you do not designate Before we make a beneficiary or payment to any Beneficiary, we must receive at our Annuity Service Center due proof of death (generally a death certificate) for each Owner and any required tax withholding and other forms. We may seek to obtain a death certificate directly from the appropriate governmental body if we believe that any Owner may have died. At the close of the Valuation Period in which we receive the death certificate(s), we will transfer any portion of the Contract Value that is in the Investment Options to the Money Market Investment Option. Once we have determined the number of Beneficiaries who will share in the Contract Value, a Beneficiary who has returned all of your primary required documentation to us (including tax withholding and contingent beneficiaries predecease you, your estate other forms) will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect able to treat your Xxxx XXX as transfer his or her own Xxxx XXX, and would not be subject to share of the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under Contract Value among the Code or applicable regulationsInvestment Options. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (will not pay any Beneficiary until we have determined the beneficiary who is number of Beneficiaries entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXpayment. This designation can only is to prevent us from overpaying one Beneficiary before making payment to other Beneficiaries. Once we have received due proof of death and have determined the number of Beneficiaries to be made paid, we will, upon written request received at our Annuity Service Center, pay any Beneficiary who has provided us with required tax withholding and other forms. We will then have no further obligations to that Beneficiary. If a Beneficiary has been designated to receive a specified fraction of the Contract Value, we will pay that fraction as determined on a form provided by or acceptable the date of payment. For example, if there are two Beneficiaries and each is designated to usreceive 50%, the first Beneficiary to receive payment would receive 50% of the Contract Value on the date the payment is made, and it will only the other Beneficiary would later receive the remainder, which might be effective when it is filed with us during worth more or less than what was paid to the original Xxxx XXX beneficiary’s lifetimefirst Beneficiary. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.EDVA-2005

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all If, at the time of your primary and contingent beneficiaries predecease death, either (i) no such designation is in effect or (ii) there is no beneficiary who survives you, the beneficiary shall be your surviving spouse or, if there is no surviving spouse, then your estate. The last designation received and accepted by the Custodian prior to your death (the “designation of record”) shall be controlling and, whether or not it fully disposes of the custodial account, shall revoke all other such designations previously mad by you and received by the Custodian. If the designation of record on file with the Custodian does not appear to fully dispose of the custodial account, your surviving spouse or, if there is no surviving spouse, then your estate will shall be the beneficiarybeneficiary of any undisposed of portion of the custodial account or of any portion of the custodial account for which the identity of the beneficiary is, in the opinion of the Custodian, unclear. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXRoth IRA, payments from your Xxxx XXX Roth IRA will be made to your beneficiaries. We have no obligation Note: Account Proceeds and Securities will be distribut- ed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary of your Xxxx XXXRoth IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will contin- gent beneficiary(ies) shall acquire the designated share of your Xxxx XXXRoth IRA. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary shall have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsRegulations to treat your Roth IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX beneficiary Roth IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX Roth IRA at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXRoth IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s Roth IRA beneficiary’s(ies’) lifetime. Each Un- less otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary Roth IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary Roth IRA beneficiary(ies) to revoke a successor beneficiary suc- cessor beneficiary(ies) designation. If the original Xxxx XXX beneficiary Roth IRA beneficiary(ies) does not designate a successor beneficiarysuc- cessor beneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX Roth IRA beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the original account owner, a Beneficiary known by the Custodian (Stifel, Nicolaus & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the ac- count, the Custodian may, in its absolute discretion, make all or any part of the distribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) or similar act. The designated Cus- todian under UGMA or UTMA must be in writing and filed with Stifel, Nicolaus & Company, Incorporated prior to the death of the original account holder. The minor shall be deemed to be a minor until such Beneficiary reaches 1) the age of majority under the law of the state of the minor’s domicile or 2) a later age for termination of minor status, if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designation accepted by the Custodian. Minors are not legally able to sign contracts, including account agreements to open an Inherited Beneficiary Roth IRA account. If you fail to name an UTMA custo- dian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by the appropri- ate court. The appropriate court-appointed representa- tive would then have the right to act as the guardian/ custodian for the minor and open the Inherited Beneficia- ry Roth IRA. Please seek competent legal advice before making such a designation. Per Stirpes – Certain accounts (e.g., due Individual Retire- ment Accounts & Transfer-On-Death accounts) permit the account owner to limitations designate beneficiaries to receive the account following the death of our charter or bylaws)the owner. On accounts that permit beneficiary designation, we may require a check box appears on the beneficiary designation form that, when checked, shall serve as the account owner’s direction that, in the event that a beneficiary predeceases the account owner, the deceased beneficiary’s share shall be distributed to his or her lineal descendants by representation (Per Stirpes). The shares distributable to descendants under a per stirp- es beneficiary designation shall be determined by the law of the state of the account owner’s residence at the time of the account owner’s death. Stifel, in its sole discretion, may determine not to make a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets the account to per stirpes or other unnamed beneficiaries unless and until Stifel has been instructed by December 31 of the year following the year of death.deceased account owner’s court-appointed personal representative (e.g.,

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiariesbeneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries beneficiary(ies) will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries beneficiary(ies) will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original Xxxx XXX beneficiary IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s IRA beneficiary’s(ies’) lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary IRA beneficiary(ies) files with us will cancel all previous designations. The consent of a successor beneficiary beneficiary(ies) will not be required for the original Xxxx XXX beneficiary IRA beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary IRA beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You The Participant may designate one or more persons ptimary or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX all or any specified portion of any benefits hereunder, at the time of your deaththe Participant's death remain payable by the Bank to the Participant. The Participant may designate such beneficiaries on Exhibit A attached hereto. The designation of any such beneficiaries may be changed or revoked at any time prior to the Participant's death by giving the Bank three (3) days written notice of such change or revocation in the manner provided in Section 9 of this Agreement. In the event the Participant shall fail to name successor designate a beneficiary prior to his death or designates a beneficiary and thereafter revokes such designation without naming another beneficiary, or designates one or more beneficiaries for and all such beneficiaries so designated shall fail to survive the inherited Xxxx XXX. This designation can only Participant, any payments of benefits under this Agreement shall be made on to the Participant's surviving spouse, if any, or otherwise to the Personal Representative of the Participant's estate. Unless the Participant has otherwise specified in the beneficiary designation, the beneficiary or beneficiaries designated by the Participant shall become fixed as of the Participant's death so that, if a form provided beneficiary survives the Participant but dies prior to the receipt of all payments due such beneficiary, such remaining payments shall be payable to the Personal Representative of such beneficiary's estate. The Participant and his beneficiaries shall not have any assignable interest in the future payments due under this Agreement, nar any right to anticipate, dispose of, pledge or enc|unber the same prior to actual receipt thereof, nor shall the same be subject to attaclunent, garnislunent, or execution following judgment or other legal process instituted by the Participant's creditors or acceptable to usany such beneficiary; provided, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form however, that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 balance of the year following Participant's benefit payments shall at all times be subject to offset for debts owed by the year of deathParticipant to the Bank.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, if applicable, your living spouse will be your beneficiary. If you do not have a living spouse, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX IRA beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX IRA beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX IRA beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX IRA beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX IRA beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXSIMPLE IRA, payments from your Xxxx XXX SIMPLE IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXSIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXSIMPLE IRA. If you do not designate a beneficiary or if all If, at the time of your primary and contingent beneficiaries predecease death, either (i) no such designation is in effect or (ii) there is no beneficiary who survives you, your estate will the beneficiary shall be the beneficiary. If your surviving spouse or, if there is no surviving spouse, then your estate. The last designation received and accepted by the designated beneficiaryCustodian prior to your death (the “designation of record”) shall be controlling and, whether or not it fully disposes of the custodial account, shall revoke all other such designations previously mad by you and received by the Custodian. If the designation of record on file with the Custodian does not appear to fully dispose of the custodial account, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse or, if there is no surviving spouse, then your estate shall be the beneficiary of any undisposed of portion of the custodial account or of any portion of the custodial account for which the identity of the beneficiary is, in the opinion of the Custodian, unclear. A spouse beneficiary will also be entitled to such additional beneficiary payment options have all rights as are granted under the Code or applicable regulationsregulations to treat your SIMPLE IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX SIMPLE IRA beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX SIMPLE IRA at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXSIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX SIMPLE IRA beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX SIMPLE IRA beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX SIMPLE IRA beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX SIMPLE IRA beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX SIMPLE IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX SIMPLE IRA owner take total distribution of all Xxxx XXX SIMPLE IRA assets by December 31 of the year following the year of death.

Beneficiaries. The Owner(s) name(s) a Beneficiary or Beneficiaries in the application, and can change Beneficiaries later. If you all the Owners die before you the Annuity Date, we will pay the Contract Value, less any applicable taxes, to the Beneficiary or Beneficiaries who survive all the Owners. If a Beneficiary survives all the Owners but does not live long enough to receive all payment from us, we will pay the Beneficiary's estate. For a Contract owned by a trust, the trust must be named as the sole Beneficiary. Owner(s) must indicate in percentages what portion of the amounts in your Xxxx XXXContract each Beneficiary is to receive. If the total does not equal 100%, payments from your Xxxx XXX each Beneficiary's share will be made to your beneficiariesdetermined by using a fraction, the numerator of which is the stated percentage for that Beneficiary, and the denominator of which is the total of the percentages indicated by the Owner(s). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only Beneficiary designations must be made on in a form provided by or acceptable to us. We reserve the right to reject any Beneficiary designation that we deem to be unadministerable, and it will only be effective when it is filed with such as "per stirpes", which may include designations that contain contingencies that could delay payment or designations that would require us during your lifetimeto refer to external documents or the outcome of legal proceedings. Each beneficiary designation you file with us will cancel After the death of all previous designations. The consent of your beneficiaries will not be required for you the Owners, each Beneficiary has the right to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated withdraw their share of your Xxxx XXXthe Contract Value, as detailed below. If you do not designate Before we make a beneficiary or payment to any Beneficiary, we must receive at our Annuity Service Center due proof of death (generally a death certificate) for each Owner and any required tax withholding and other forms. We may seek to obtain a death certificate directly from the appropriate governmental body if we believe that any Owner may have died.DVA-2005 At the close of the Valuation Period in which we receive the death certificate(s), we will transfer any portion of the Contract Value that is in the Investment Options to the Money Market Investment Option. Once we have determined the number of Beneficiaries who will share in the Contract Value, a Beneficiary who has returned all of your primary required documentation to us (including tax withholding and contingent beneficiaries predecease you, your estate other forms) will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect able to treat your Xxxx XXX as transfer his or her own Xxxx XXX, and would not be subject to share of the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under Contract Value among the Code or applicable regulationsInvestment Options. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (will not pay any Beneficiary until we have determined the beneficiary who is number of Beneficiaries entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXpayment. This designation can only is to prevent us from overpaying one Beneficiary before making payment to other Beneficiaries. Once we have received due proof of death and have determined the number of Beneficiaries to be made paid, we will, upon written request received at our Annuity Service Center, pay any Beneficiary who has provided us with required tax withholding and other forms. We will then have no further obligations to that Beneficiary. If a Beneficiary has been designated to receive a specified fraction of the Contract Value, we will pay that fraction as determined on a form provided by or acceptable the date of payment. For example, if there are two Beneficiaries and each is designated to usreceive 50%, the first Beneficiary to receive payment would receive 50% of the Contract Value on the date the payment is made, and it will only the other Beneficiary would later receive the remainder, which might be effective when it is filed with us during worth more or less than what was paid to the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of deathfirst Beneficiary.DVA-2005

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation NOTE: Account Proceeds and Securities will be distribut- ed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will contin- gent beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the origi- nal account owner, a Beneficiary known by the Custodian (Xxxxxx, Xxxxxxxx & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the distribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) or similar act. The designated Custodian under UGMA or UTMA must be in writ- ing and filed with Xxxxxx, Xxxxxxxx & Company, Incorporated prior to the death of the original account holder. The minor shall be deemed to be a minor until such Beneficiary reaches 1) the age of majority under the law of the state of the minor’s domicile or 2) a later age for termination of minor status, if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designation accepted by the Custodian. Minors are not legally able to sign contracts, including account agreements to open an Inherited Beneficiary Xxxx XXX account. If you fail to name an UTMA custo- dian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by the appropri- ate court. The appropriate court-appointed representa- tive would then have the right to act as the guardian/cus- todian for the minor and open the Inherited Beneficiary Xxxx XXX. Please seek competent legal advice before making such a designation. Per Stirpes – Certain accounts (e.g., due Individual Retire- ment Accounts & Transfer-On-Death accounts) permit the account owner to limitations designate beneficiaries to receive the account following the death of our charter or bylaws)the owner. On accounts that permit beneficiary designation, we may require a check box appears on the beneficiary designation form that, when checked, shall serve as the account owner’s direction that, in the event that a beneficiary predeceases the account owner, the deceased beneficiary’s share shall be distributed to his or her lineal descendants by representation (Xxx Xxxxxxx). The shares distributable to descendants under a per stirpes beneficiary designation shall be determined by the law of the state of the account owner’s residence at the time of the account owner’s death. Stifel, in its sole discretion, may determine not to make a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.account to per stirpes or other unnamed benefi-

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries XIX. Xxxx Individual Retirement Custodial Account Agreement and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will contin- gent beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the original account owner, a Beneficiary known by the Custodian (Xxxxxx, Xxxxxxxx & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the distribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act or Uniform Transfer to Minors Act or similar act. The designated Custodian under the Uniform Gift to Minors Act or Uni- form Transfer to Minors Act must be in writing and filed with Xxxxxx, Xxxxxxxx & Company, Incorporated prior to the death of the original account holder. The minor shall be deemed to be a minor until such Beneficiary reaches 1) the age of majority under the law of the state of the minor’s domicile or 2) a later age for termination of minor status, if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designation accepted by the Custodian. Minors are not legally able to sign contracts, including account agreements to open an Inherited Beneficiary Xxxx XXX account. If you fail to name a (UTMA) custo- dian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by the appropri- ate court. The appropriate court-appointed representa- tive would then have the right to act as the guardian/cus- todian for the minor and open the Inherited Beneficiary Xxxx XXX. Please seek competent legal advice before making such a designation. Per Stirpes – Certain accounts (e.g., due Individual Retire- ment Accounts & Transfer-On-Death accounts) permit the account owner to limitations designate beneficiaries to receive the account following the death of our charter or bylaws)the owner. On accounts that permit beneficiary designation, we may require a check box appears on the beneficiary designation form that, when checked, shall serve as the account owner’s direction that, in the event that a beneficiary predeceases the account owner, the deceased beneficiary’s share shall be distributed to his or her lineal descendants by representation (Xxx Xxxxxxx). The shares distributable to descendants under a per stirpes beneficiary designation shall be determined by the law of the state of the account owner’s residence at the time of the account owner’s death. Stifel, in its sole discretion, may determine not to make a deceased Xxxx XXX owner take total distribution of the account to per stirpes or other unnamed benefi- ciaries unless and until Stifel has been instructed by the deceased account owner’s court-appointed personal representative (e.g., executor, administrator) regarding the persons entitled to receive per stirpes distribution and their respective shares. The account owner agrees, on behalf of himself or herself personally and the ac- count owner’s Estate, heirs, executors, administrators, successors, and assigns, to release, indemnify, defend, and hold harmless Stifel, and its parent, subsidiaries, and affiliates and their respective past and present officers, directors, shareholders, employees, agents, affiliates, successors, and assigns, against and from any and all Xxxx XXX assets claims or liabilities, taxes, damages, or expenses (including without limitation judgments, amounts paid in settlement, and/or attorney’s fees), of any kind or of any nature whatsoever, that may arise from, or relate to, Xxxxxx’x reliance on the information provided to it by December 31 of the year following the year of deathaccount owner’s said personal representative.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation Note: Account Proceeds and Securities will be distributed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary benefi- ciary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective ef- fective when it is filed with us during your lifetime. Each Unless oth- erwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designationdesigna- tion. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided pro- vided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation desig- nation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary succes- sor beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 upon the death of the year following original account owner, a Beneficiary known by the year Custodian (Xxxxxx, Xxxxxxxx & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of death.the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the dis- tribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for such Beneficiary, by the original account holder,

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXHSA, payments from your Xxxx XXX HSA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXHSA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXXHSA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse acquires the interest in this HSA by reason of being the beneficiary at your death, this HSA (or in accordance with rules established by the IRS, the relevant portion thereof) will be treated as if the surviving spouse is the designated beneficiaryaccount owner. If the beneficiary is not your spouse, the HSA (or in accordance with rules established by the IRS, the relevant portion thereof) will cease to be an HSA as of the date of your spouse may elect death. Upon learning of your death, we may, in our complete and sole discretion, make a final distribution to treat a beneficiary (other than your Xxxx XXX as spouse) of his or her own Xxxx XXX, and would not be subject to interest in the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXXHSA. This designation can only distribution may be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during without the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form consent and may be placed in an interest‐bearing (or similar) account that the original Xxxx XXX beneficiary files with us will cancel all previous designations. The consent of a successor beneficiary will not be required for the original Xxxx XXX beneficiary to revoke a successor beneficiary designation. If the original Xxxx XXX beneficiary does not designate a successor beneficiary, his or her estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will contin- gent beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the original account owner, a Beneficiary known by the Custodian (Xxxxxx, Xxxxxxxx & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the distribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act (e.g.UGMA) or Uniform Transfer to Minors Act (UTMA) or similar act. The designated Custodian under UGMA or UTMA must be in writing and filed with Xxxxxx, due Xxxxxxxx & Company, Incorporated prior to limitations the death of our charter the original account holder. The minor shall be deemed to be a minor until such Beneficiary reaches 1) the age of majority under the law of the state of the minor’s domicile or bylaws)2) a later age for termination of minor status, we may require that a beneficiary of a deceased if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designation accepted by the Custodian. Minors are not legally able to sign contracts, including account agreements to open an Inherited Beneficiary Xxxx XXX owner take total distribution of all Xxxx XXX assets account. If you fail to name an UTMA custo- dian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by December 31 of the year following appropri- ate court. The appropriate court-appointed representa- tive would then have the year of death.right to act as the guardian/cus-

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiariesbeneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificatedeathcertificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries beneficiary(ies) will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries beneficiary(ies) will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate spouse will be the beneficiary. If , or if there is no spouse living at the time of your surviving spouse is the designated beneficiarydeath, your estate will be thebeneficiary. A spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original Xxxx XXX beneficiary IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s IRA beneficiary’s(ies’) lifetime. Each Unless it is otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary beneficiary(ies) will not be required for the original Xxxx XXX beneficiary IRA beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary IRA beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXIRA, payments from your Xxxx XXX IRA will be made to your beneficiariesbeneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries beneficiary(ies) will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries beneficiary(ies) will acquire the designated share of your Xxxx XXXIRA. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary will have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsregulations to treat your IRA as his or her own. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original Xxxx XXX beneficiary IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions from an inherited Xxxx XXX IRA at the time of your death) to name successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXIRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s IRA beneficiary's(ies') lifetime. Each Unless it is otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary beneficiary(ies) will not be required for the original Xxxx XXX beneficiary IRA beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary IRA beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiaryIRAbeneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX IRA owner take total distribution of all Xxxx XXX IRA assets by December 31 of the year following the year of death.

Beneficiaries. Unless indicated otherwise on the application, the responsible individual may not change the designated beneficiary. If you die before you receive all the depositor has indicated on the application that the responsible individual may change the beneficiary designated under this agreement and the responsible individual chooses to do so, the responsible individual must designate a member of the amounts family (as defined in your Xxxx XXX, payments from your Xxxx XXX will IRC Section 529(e)(2)) of the existing designated beneficiary. This designation can only be made to your beneficiarieson a form prescribed by the custodian. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You The depositor or responsible individual may designate one or more persons or entities as beneficiary death beneficiaries of your Xxxx XXXthis Xxxxxxxxx ESA. This designation can only be made on a form provided by or acceptable to usthe custodian, and it will only be effective when it is filed with us the custodian during your lifetimethe lifetime of the designated beneficiary. Each beneficiary designation you file with us will cancel all previous designations. The consent of your beneficiaries will not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary survives you, the contingent beneficiaries will acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary or if all of your primary and contingent beneficiaries predecease you, your estate will be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulations. We may allow, if permitted by state law, an original Xxxx XXX beneficiary (the beneficiary who is entitled to receive distributions from an inherited Xxxx XXX at the time of your death) to name successor beneficiaries for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s lifetime. Each beneficiary designation form that the original Xxxx XXX beneficiary files with us custodian will cancel all previous designations. The consent of a successor death beneficiary will not be required for the original Xxxx XXX beneficiary in order to revoke a successor death beneficiary designation. If both primary and contingent death beneficiaries have been named, and no primary death beneficiary survives the original Xxxx XXX beneficiary does not designate a successor designated beneficiary, his the contingent death beneficiaries will acquire the designated share of this Xxxxxxxxx ESA. If a death beneficiary is not designated with respect to this Xxxxxxxxx ESA, or her if all of the primary and contingent death beneficiaries predecease the designated beneficiary, the designated beneficiary’s estate will be the successor beneficiary. In no event will the successor beneficiary be able to extend the distribution period beyond that required for the original Xxxx XXX death beneficiary. If we so choosethe designated beneficiary dies before receiving all of the amounts in this Xxxxxxxxx ESA, the custodian will have no obligation to pay to the death beneficiaries until such time the custodian is notified of the designated beneficiary’s death by receiving a valid death certificate. Any balance remaining in the Xxxxxxxxx ESA Form 5305-EA under section 530 of the Internal Revenue Code. upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a qualified family member under age 30 is named as a death beneficiary. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the original designated beneficiary’s date of death. Qualified family members are defined in IRC Section 529(e)(2). The custodian may, for any reason (e.g., due to limitations of our its charter or bylaws), we may require that a qualified family member who becomes the designated beneficiary of to take a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets the Xxxxxxxxx ESA by December 31 of the year following the year of the original designated beneficiary’s death.

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation NOTE: Account Proceeds and Securities will be distributed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate desig- nate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 upon the death of the year following original account owner, a Beneficiary known by the year of death.Custodian (Stifel,

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXXRoth IRA, payments from your Xxxx XXX Roth IRA will be made to your beneficiaries. We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary of your Xxxx XXXRoth IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will contin- gent beneficiary(ies) shall acquire the designated share of your Xxxx XXXRoth IRA. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your Xxxx XXX beneficiary shall have all rights as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsRegulations to treat your Roth IRA as his or her own. We may allow, if permitted by state law, an original Xxxx XXX beneficiary Roth IRA beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX Roth IRA at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXXRoth IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s Roth IRA beneficiary’s(ies’) lifetime. Each Un- less otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary Roth IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary Roth IRA beneficiary(ies) to revoke a successor beneficiary suc- cessor beneficiary(ies) designation. If the original Xxxx XXX beneficiary Roth IRA beneficiary(ies) does not designate a successor beneficiarysuc- cessor beneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX Roth IRA beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the original account owner, a Beneficiary known by the Custodian (Stifel, Nicolaus & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the distribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor beneficiary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) or similar act. The designated Custodian under UGMA or UTMA must be in writing and filed with Stifel, Nicolaus & Company, Incorporated prior to the death of the original account holder. The minor shall be deemed to be a minor until such Beneficiary reaches 1) the age of majority under the law of the state of the minor’s domicile or 2) a later age for termination of minor status, if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designation accepted by the Custodian. Minors are not legally able to sign contracts, including account agreements to open an Inherited Beneficiary Roth IRA account. If you fail to name an UTMA custo- dian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by the appropri- ate court. The appropriate court-appointed representa- tive would then have the right to act as the guardian/ custodian for the minor and open the Inherited Beneficia- ry Roth IRA. Please seek competent legal advice before making such a designation. Per Stirpes – Certain accounts (e.g., due Individual Retire- ment Accounts & Transfer-On-Death accounts) permit the account owner to limitations of our charter or bylaws), we may require that a beneficiary of a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets by December 31 designate beneficiaries to receive the account following the death of the year following the year of death.owner. On accounts

Beneficiaries. If you die before you receive all of the amounts in your Xxxx XXX, payments from your Xxxx XXX will be made to your beneficiaries. We have no obligation NOTE: Account Proceeds and Securities will be distributed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary benefi- ciary of your Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective ef- fective when it is filed with us during your lifetime. Each Unless oth- erwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of your beneficiaries will a beneficiary(ies) shall not be required for you to revoke a beneficiary designationdesigna- tion. If you have designated both primary and contingent beneficiaries and no primary beneficiary beneficiary(ies) survives you, the contingent beneficiaries will beneficiary(ies) shall acquire the designated share of your Xxxx XXX. If you do not designate a beneficiary beneficiary, or if all of your primary and contingent beneficiaries beneficiary(ies) predecease you, your estate will be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your Xxxx XXX as his or her own Xxxx XXX, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable regulationsown. We may allow, if permitted by state law, an original Xxxx XXX beneficiary beneficiary(ies) (the beneficiary beneficiary(ies) who is entitled to receive distributions distribution(s) from an inherited Xxxx XXX at the time of your death) to name a successor beneficiaries beneficiary(ies) for the inherited Xxxx XXX. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original Xxxx XXX beneficiary’s beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original Xxxx XXX beneficiary beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary will beneficiary(ies) shall not be required for the original Xxxx XXX beneficiary beneficiary(ies) to revoke a successor beneficiary beneficiary(ies) designation. If the original Xxxx XXX beneficiary beneficiary(ies) does not designate a successor beneficiarybeneficiary(ies), his or her estate will be the successor beneficiary. In no event will shall the successor beneficiary beneficiary(ies) be able to extend the distribution period beyond that required for the original Xxxx XXX beneficiary. Minor Named as Beneficiary – If we so chooseupon the death of the original account owner, a Beneficiary known by the Custodian (Xxxxxx, Xxxxxxxx & Company, Incorporated) to be a minor or otherwise under a legal disability is entitled to receive any or all of the undistributed assets of the account, the Custodian may, in its absolute discretion, make all or any part of the distribution to 1) the Legal Guardian, Conservator, or other legal representative as authorized and appointed by the court under the minor benefi- ciary’s applicable state law or 2) a custodian appointed for any reason such Beneficiary, by the original account holder, under the Uniform Gift to Minors Act (UGMA) or Uniform Transfer to Minors Act (UTMA) or similar act. The designated Custodian under UGMA or UTMA must be in writing and filed with Xxxxxx, Xxxxxxxx & Company, Incorporated prior to the death of the original account holder. The minor shall be deemed to be a minor until such Benefi- ciary reaches 1) the age of majority under the law of the state of the minor’s domicile or 2) a later age for termination of minor status, if state law allows, but in no event later than age 25, as designated by the Investor in the Beneficiary designa- tion accepted by the Custodian. Minors are not legally able to sign contracts, including ac- count agreements to open an Inherited Beneficiary Xxxx XXX account. If you fail to name an UTMA custodian, then a Legal Guardian, Conservator, or other legal representative will have to be appointed by the appropriate court. The appropriate court-appointed representative would then have the right to act as the guardian/custodian for the minor and open the Inherited Beneficiary Xxxx XXX. Please seek competent legal advice before making such a designation. Per Stirpes – Certain accounts (e.g., due Individual Retirement Accounts & Transfer-On-Death accounts) permit the account owner to limitations designate beneficiaries to receive the account following the death of our charter or bylaws)the owner. On accounts that permit beneficiary designation, we may require a check box appears on the benefi- ciary designation form that, when checked, shall serve as the account owner’s direction that, in the event that a beneficiary of predeceases the account owner, the deceased beneficiary’s share shall be distributed to his or her lineal descendants by representation (Xxx Xxxxxxx). The shares distributable to descendants under a deceased Xxxx XXX owner take total distribution of all Xxxx XXX assets per stirpes beneficiary designation shall be determined by December 31 the law of the year following state of the year account owner’s residence at the time of the account owner’s death.. Stifel, in its sole discretion, may determine not to make a distribution