Payment of Benefits. All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.
Appears in 8 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Account B, NML Variable Annuity Account B
Payment of Benefits. All or part of the contract Contract benefits may be paid under one or more of the following: - • a variable payment income plan; - • a fixed payment income plan; or - • in cash. The provisions and rate rates for variable and fixed payment income plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.
Appears in 6 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Account B, NML Variable Annuity Account B
Payment of Benefits. All or part of the contract Contract benefits may be paid under one or more of the following: - • a variable payment plan; - • a fixed payment plan; or - • in cash. The provisions and rate rates for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a an initial monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.
Appears in 4 contracts
Samples: NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co, NML Variable Annuity Acct C of Northwestern Mut Life Ins Co
Payment of Benefits. All or part of the contract benefits may be paid under one or more of the following: - • a variable payment plan; - • a fixed payment plan; or - • in cash. The provisions and rate rates for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a an initial monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.
Appears in 4 contracts
Samples: NML Variable Annuity Account A, NML Variable Annuity Account B, NML Variable Annuity Account B
Payment of Benefits. All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate rates for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a an initial monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.37.4.
Appears in 2 contracts
Samples: NML Variable Annuity Account B, NML Variable Annuity Account B
Payment of Benefits. All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate rates for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a an initial monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.
Appears in 2 contracts
Samples: NML Variable Annuity Account B, NML Variable Annuity Account B
Payment of Benefits. All or part of the contract benefits may be paid under one or more of the following: - • a variable payment plan; - • a fixed payment plan; or - • in cash. The provisions and rate for variable and fixed payment plans are described in Section 1110. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.36.3.
Appears in 1 contract
Samples: NML Variable Annuity Account B