PAYMENT PLAN ELECTIONS. For Death Proceeds By Owner. The Owner may elect payment plans for death proceeds: o while the Insured is living. o during the first 60 days after the date of death of the Insured, if the Insured was not the Owner immediately prior to the Insured's death. An election made during this 60 days may not be changed.
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Sources: Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Policy (Northwestern Mutual Variable Life Account), Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)
PAYMENT PLAN ELECTIONS. For Death Proceeds By Owner. The Owner may elect payment plans for death proceeds: o . while the Insured is living. o . during the first 60 days after the date of death of the Insured, if the Insured was not the Owner immediately prior to the Insured's death. An election made during this 60 days may not be changed.
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