Common use of Owner Clause in Contracts

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. The person receiving payment of annuity benefits under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 5 contracts

Samples: Fs Variable Annuity Account Five, Fs Variable Separate Account, Fs Variable Separate Account

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Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. applicable PAYEE The person receiving payment of annuity benefits under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 5 contracts

Samples: Variable Annuity Account Five, Variable Annuity Account Five, Variable Separate Account of Anchor National Life Insur Co

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, Owners if applicable. PAYEE The person receiving payment of annuity benefits under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund for the Contract.

Appears in 3 contracts

Samples: Variable Annuity Account Five, Variable Separate Account of Anchor National Life Insur Co, Variable Annuity Account Five

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. The person receiving payment of annuity benefits under this Contract. PAYMENT ENHANCEMENT Payment Enhancements are amounts allocated to Your Contract Value by Us. Payment Enhancements are not considered Purchase Payments. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 2 contracts

Samples: Variable Separate Account of Anchor National Life Insur Co, Variable Separate Account of Anchor National Life Insur Co

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. AS-993 (12/10) PAYEE The person receiving payment of annuity benefits income payments under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 2 contracts

Samples: Variable Separate Account, Variable Separate Account

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. The person receiving payment of annuity benefits income payments under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 2 contracts

Samples: Fs Variable Separate Account, Fs Variable Separate Account

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. PAYEE The person receiving payment of annuity benefits income payments under this Contract. PREMIUM BASED CHARGE A charge that is deducted on each Contract Quarter Anniversary from Your Contract Value, during the first seven years after each Premium is made. PURCHASE PAYMENTS / PREMIUM Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 1 contract

Samples: Fs Variable Separate Account

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Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. PAYEE The person receiving payment of annuity benefits under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract.

Appears in 1 contract

Samples: Fs Variable Separate Account

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. The person receiving payment of annuity benefits under this Contract. PURCHASE PAYMENTS Payments PAYMENT Payment in U.S. currency made by or on behalf of the Owner to the Company to fund for the Contract.

Appears in 1 contract

Samples: Fs Variable Separate Account

Owner. The person or entity named in the Contract who is entitled to exercise all rights and privileges of ownership under the Contract. Owner means both Joint Owners, if applicable. The person receiving payment of annuity benefits under this Contract. PURCHASE PAYMENTS Payments in U.S. currency made by or on behalf of the Owner to the Company to fund the Contract. A Purchase Payment corresponds to a Gross Purchase Payment, and equals the Gross Purchase Payment less any applicable Sales Charge.

Appears in 1 contract

Samples: Variable Annuity Account Seven

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