Common use of PRIMARY AND CONTINGENT BENEFICIARIES Clause in Contracts

PRIMARY AND CONTINGENT BENEFICIARIES. The Primary Beneficiary is named on page 3. The Owner may change any Beneficiary as described in "Ownership and Beneficiary Changes" below. If the Primary Beneficiary dies prior to the Owner, the Contingent Beneficiary becomes the Primary Beneficiary. Unless the Owner directs otherwise, when there are two or more Primary Beneficiaries, they will receive equal shares.

Appears in 12 contracts

Samples: First Security Benefit Life (Variable Annuity Account B), First Security Benefit Life (Variable Annuity Account B), SBL Variable Annuity Account Xvii

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