Common use of CLAIMS OF CREDITORS Clause in Contracts

CLAIMS OF CREDITORS. So far as allowed by law, no amount payable under this contract will be subject to the claims of creditors of a beneficiary. SUCCESSION UNDER PAYMENT PLANS. A direct or contingent beneficiary who succeeds to an interest in a payment plan will continue under the terms of the plan.

Appears in 8 contracts

Samples: NML Variable Annuity Account B, NML Variable Annuity Account B, NML Variable Annuity Account B

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CLAIMS OF CREDITORS. So far as allowed by law, no amount payable under this contract policy will be subject to the claims of creditors of a beneficiary. SUCCESSION UNDER PAYMENT PLANS. A direct or contingent beneficiary who succeeds to an interest in a payment plan will continue under the terms of the plan.. MM17 14

Appears in 1 contract

Samples: Northwestern Mutual Variable Life Account

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