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.
Appears in 4 contracts
Samples: Northwestern Mutual Variable Life Account, Northwestern Mutual Variable Life Account, 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.
Appears in 1 contract
Samples: Agreement (Aerosonic Corp /De/)
