NAMING AND CHANGE OF BENEFICIARIES. FOR MATURITY BENEFITS BY OWNER. The Owner may name and change the beneficiaries of maturity benefits before the Maturity Date. If no direct beneficiary is named by the Owner, the Annuitant will be the direct beneficiary. FOR DEATH BENEFITS BY OWNER. The Owner may name and change the beneficiaries: - while the Annuitant is living; or - during the first 60 days after the date of death of the Annuitant, if the Annuitant was not the Owner immediately prior to the Annuitant's death. A change made during this 60 days cannot be revoked.
Appears in 4 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Account A, NML Variable Annuity Account B
NAMING AND CHANGE OF BENEFICIARIES. FOR MATURITY BENEFITS BY OWNER. The Owner may name and change the beneficiaries of maturity benefits before the Maturity Date. If no direct beneficiary is named by the Owner, the Annuitant will be the direct beneficiary. FOR DEATH BENEFITS BY OWNER. The Owner may name and change the beneficiaries: - while the Annuitant is living; or - during the first 60 days after the date of death of the tire Annuitant, if the Annuitant was not the Owner immediately prior to the Annuitant's death. A change made during this 60 days cannot be revoked.
Appears in 4 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Account B, NML Variable Annuity Account A
