Common use of Payee Clause in Contracts

Payee. The payee is the person receiving proceeds under a payment option. The payee can be you, the Annuitant or a beneficiary. We will require satisfactory proof of the payee's age under options 4 and 5. The contingent payee is the person named to receive proceeds if the payee is not alive.

Payee. The payee is the person receiving proceeds Proceeds under a payment settlement option. The payee can be you, the Annuitant Insured or a beneficiaryBeneficiary. We will require satisfactory proof of the payee's age Age under options Options 4 and 5. The contingent payee is the person named to receive proceeds Proceeds if the payee is not alive.

Payee. The payee is the person receiving proceeds Proceeds under a payment option. The payee can be you, the Annuitant Insured, or a beneficiaryBeneficiary. We will require satisfactory proof of the payee's age ’s age[ and sex] under options Options 4 and 5. The contingent payee is the person named to receive proceeds Proceeds if the payee is not alive.

Payee. The payee is the person receiving proceeds Proceeds under a payment option. The payee can be you, the Annuitant Insured, or a beneficiaryBeneficiary. We will require satisfactory proof of the payee's ’s age [ and sex] under options Options 4 and 5. The contingent payee is the person named to receive proceeds Proceeds if the payee is not alive.

Payee. The payee is the person receiving proceeds under a payment settlement option. The payee can be you, the Annuitant or a beneficiary. We will require satisfactory proof of the payee's age under options Options 4 and 5. The contingent payee is the person named to receive proceeds if the payee is not alive.