Common use of OWNER, BENEFICIARY Clause in Contracts

OWNER, BENEFICIARY. GENERAL Before the Maturity Date, the Owner of this Contract shall be the person, persons or entity designated on the Specifications Page or the latest change filed with us. On the Maturity Date, the Annuitant becomes the Owner of this Contract. OWNER The Owner must be a natural person who is primary Owner of the Contract, a custodian, or a trust established for the exclusive benefit of the Annuitant or his or her Beneficiaries. This Contract is established for the exclusive benefit of the Annuitant or his or her beneficiaries. BENEFICIARY The Beneficiary is as designated on the Specifications Page, unless changed. If there is a surviving Owner, that person will be treated as the Beneficiary. If no such Beneficiary is living, the Beneficiary is the Contingent Beneficiary. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased Owner. CHANGE OF OWNER, Subject to the right of an irrevocable Beneficiary, you may change ANNUITANT, BENEFICIARY the Owner or Beneficiary by written request in a form acceptable to us and which is received at our Annuities Service Center. The substitution or addition of any Owner is subject to our underwriting rules in effect at the time of the request and may result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit at the date of such change. If approved, any change of Beneficiary will take effect on the date the request is signed. You may not change the Annuitant unless the change is pursuant to a court order. Any change to a new Annuitant will result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit. If any Annuitant is changed and any Owner is not an individual, the entire interest in the Contract must be distributed to the Owner within five years of the change. You need not send us the Contract unless we request it. We will not be liable for any payments or actions we take before any change is approved.

OWNER, BENEFICIARY. GENERAL Before the Maturity Date, the OWNER The Owner of this Contract shall be the person, persons or entity designated on the Specifications Page or unless otherwise changed by you in writing. If amounts become payable to the latest change filed with us. On the Maturity DateBeneficiary under this Contract, the Annuitant Beneficiary becomes the Owner of this Contract. OWNER The Owner must be a natural person who is primary Owner BENEFICIARY Upon the death of the ContractOwner, a custodianany surviving Owner will become the Beneficiary. If there is no surviving Owner, or a trust established for the exclusive benefit of the Annuitant or his or her Beneficiaries. This Contract is established for the exclusive benefit of the Annuitant or his or her beneficiaries. BENEFICIARY The Beneficiary is will be as designated on the Specifications Page, unless changed. If there is a surviving otherwise changed during the Owner, that person will be treated as the Beneficiary’s lifetime. If no such Beneficiary is living, the Beneficiary is the “Contingent Beneficiary”. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased Owner. CHANGE OF OWNER, ANNUITANT, BENEFICIARY Subject to the right rights of an irrevocable Beneficiary, you may request to change ANNUITANTthe Owner, BENEFICIARY the Owner Annuitant, or Beneficiary by written sending us notice in writing. Any such request in a form acceptable to us and which is must be received at our Annuities Annuity Service Center. The substitution or addition of any Owner is subject to our underwriting rules in effect at the time of the request Office and may result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit at the date of such changeapproved by us. If approved, any we approved a change of Beneficiary Beneficiary, it will take effect on the date the request is signed. You If an irrevocable Beneficiary is named in this Contract, the Beneficiary cannot be changed without the consent of the irrevocable Beneficiary. If we approve a change of Owner or Annuitant, it will take effect on the date we received the request at the Annuity Service Office. The Annuitant may not change be changed after the Annuitant Maturity Date. You need not send us the Contract unless we request it. We will not be liable for any payments or actions we take before we approve the change is pursuant to a court order. Any change to a new Annuitant will result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefitchange. If any Annuitant is changed and any Owner is not an individual, the entire interest in the Contract must be distributed to the Owner within five years of the change. You need not send us the Contract unless we request it. We will not be liable for any payments or actions we take before any change is approved.

OWNER, BENEFICIARY. GENERAL Before the Maturity Date, the Owner of this Contract shall be the person, persons or entity designated on the Specifications Page or the latest change filed with us. On the Maturity Date, the Annuitant becomes the Owner of this Contract. OWNER The Owner must be a one natural person who is primary the sole Owner of the Contract, a custodianCertificate and the Annuitant, or a trust Trust established for the exclusive benefit of the Annuitant or his or her Beneficiaries. This Contract The certificate is established for the exclusive benefit of the Annuitant or his or her beneficiaries. BENEFICIARY The Beneficiary is as designated on the Specifications Page, unless changed. If However, if there is a surviving Ownerco-Annuitant, that person will be treated as the BeneficiaryBeneficiary upon death of the Annuitant. If no such Beneficiary is living, the Beneficiary is the Contingent Beneficiary. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased OwnerAnnuitant. CHANGE OF OWNER, Except as permitted under the Death Before ANNUITANT, BENEFICIARY Maturity Date provision, and otherwise permitted under applicable federal tax law, neither the Owner nor the Annuitant may be changed. A co-Annuitant may be added or removed from the Certificate prior to the first withdrawal after the Lifetime Income Date, but no such change of co-Annuitant is permitted after that withdrawal and prior to the Annuity Commencement Date. Only the spouse of the Annuitant is eligible to be named as a co-Annuitant. Subject to the right of an irrevocable Beneficiary, you may change ANNUITANT, BENEFICIARY the Owner or Beneficiary by written request in a form acceptable to us and which is received at our Annuities Annuity Service CenterOffice. The substitution or addition of any Owner is subject to our underwriting rules in effect at the time of the request and may result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit at the date of such changeAny change must be approved by us. If approved, any change of Beneficiary will take effect on the date the request is signed. You may not change the Annuitant unless the change is pursuant to a court order. Any change to a new Annuitant will result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit. If any Annuitant is changed and any Owner is not an individual, the entire interest in the Contract must be distributed to the Owner within five years of the change. You need not send us the Contract unless we request it. We will not be liable for any payments or actions we take before any the change is approved.

OWNER, BENEFICIARY. GENERAL Before the Maturity Date, the Owner of this Contract shall be the person, persons or entity designated on the Specifications Page or the latest change filed with us. On the Maturity Date, the Annuitant becomes the Owner of this Contract. OWNER The Owner must be a one natural person who is primary the sole Owner of the Contract, a custodianContract and the Annuitant, or a trust Trust established for the exclusive benefit of the Annuitant or his or her Beneficiaries. This Contract The contract is established for the exclusive benefit of the Annuitant or his or her beneficiaries. BENEFICIARY The Beneficiary is as designated on the Specifications Page, unless changed. If However, if there is a surviving Ownerco-Annuitant, that person will be treated as the BeneficiaryBeneficiary upon death of the Annuitant. If no such Beneficiary is living, the Beneficiary is the Contingent Beneficiary. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased OwnerAnnuitant. CHANGE OF OWNER, Except as permitted under the Death Before ANNUITANT, BENEFICIARY Maturity Date provision, and otherwise permitted under applicable federal tax law, neither the Owner nor the Annuitant may be changed. A co-Annuitant may be added or removed from the Contract prior to the first withdrawal after the Lifetime Income Date, but no such change of co-Annuitant is permitted after that withdrawal and prior to the Annuity Commencement Date. Only the spouse of the Annuitant is eligible to be named as a co-Annuitant. Subject to the right of an irrevocable Beneficiary, you may change ANNUITANT, BENEFICIARY the Owner or Beneficiary by written request in a form acceptable to us and which is received at our Annuities Annuity Service CenterOffice. The substitution or addition of any Owner is subject to our underwriting rules in effect at the time of the request and may result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit at the date of such changeAny change must be approved by us. If approved, any change of Beneficiary will take effect on the date the request is signed. You may not change the Annuitant unless the change is pursuant to a court order. Any change to a new Annuitant will result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit. If any Annuitant is changed and any Owner is not an individual, the entire interest in the Contract must be distributed to the Owner within five years of the change. You need not send us the Contract unless we request it. We will not be liable for any payments or actions we take before any the change is approved.

OWNER, BENEFICIARY. GENERAL Before the Maturity Date, the Owner of this Contract shall be the person, persons or entity designated on the Specifications Page or the latest change filed with us. On the Maturity Date, the Annuitant becomes the Owner of this Contract. OWNER The Owner must be a one natural person who is primary the sole Owner of the Contract, a custodianCertificate and the Annuitant, or a trust Trust established for the exclusive benefit of the Annuitant or his or her Beneficiaries. This Contract The Certificate is established for the exclusive benefit of the Annuitant or his or her beneficiariesBeneficiaries. BENEFICIARY The Beneficiary is as designated on the Specifications Page, unless changed. If However, if there is a surviving Ownerco-Annuitant, that person will be treated as the BeneficiaryBeneficiary upon death of the Annuitant. If no such Beneficiary is living, the Beneficiary is the Contingent Beneficiary. If no Beneficiary or Contingent Beneficiary is living, the Beneficiary is the estate of the deceased OwnerAnnuitant. CHANGE OF OWNER, Except as permitted under the "Death Before Maturity ANNUITANT, BENEFICIARY Date" provision, and otherwise permitted under applicable federal tax law, neither the Owner nor the Annuitant may be changed. The co-Annuitant may be removed from the Certificate, but no change or addition of co-Annuitant is permitted prior to the Annuity Commencement Date. Only the spouse of the Annuitant is eligible to be named as a co-Annuitant. Subject to the right of an irrevocable Beneficiary, you may change ANNUITANT, BENEFICIARY the Owner or Beneficiary by written request in a form acceptable to us and which is received at our Annuities Annuity Service CenterOffice. The substitution or addition of any Owner is subject to our underwriting rules in effect at the time of the request and may result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit at the date of such changeAny change must be approved by us. If approved, any change of Beneficiary will take effect on the date the request is signed. You may not change the Annuitant unless the change is pursuant to a court order. Any change to a new Annuitant will result in the elimination of the Lifetime Income Amount guarantee and minimum guaranteed death benefit. If any Annuitant is changed and any Owner is not an individual, the entire interest in the Contract must be distributed to the Owner within five years of the change. You need not send us the Contract unless we request it. We will not be liable for any payments or actions we take before any the change is approved.