Nonforfeitability and Nontransferability. This Contract shall be for the exclusive benefit of the Owner or his or her beneficiary. The Owner's rights under this Contract shall be nonforfeitable. This Contract is nontransferable. Other than to us, it may not be sold, assigned, discounted or pledged as collateral for a loan or as a security for the performance of an obligation or for any other purpose.
Appears in 4 contracts
Samples: Equitable Life Insurance Co of Iowa Separate Account A, Equitable Life Insurance Co of Iowa Separate Account A, Separate Account B of Golden American Life Insurance Co
Nonforfeitability and Nontransferability. This Contract shall be for the exclusive benefit of the Owner or his or her beneficiary. The Owner's rights under this Contract shall be nonforfeitablenoforfeitable. This Contract is nontransferable. Other than to us, it may not be sold, assigned, discounted or pledged as collateral for a loan or as a security for the performance of an obligation or for any other purpose.
Appears in 1 contract
Samples: Separate Account Ny-B of First Golden Amer Life Ins Co of Ny
