CHANGE OF ANNUITANT. You may change the Annuitant by Written Notice prior to the Annuity Commencement Date. However, if any Owner is not an individual the Annuitant may not be changed. You may not designate an Annuitant who attained Age 86 on or before the Effective Date or who will attain Age 95 earlier than the Annuity Commencement Date in effect when the change of Annuitant is requested. Payee - The person or persons designated by the Owner to receive the annuity income payments under the Contract. The Annuitant is the Payee unless you designate another party as the Payee. You may change the Payee at any time.
Appears in 2 contracts
Sources: Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Annuity Account a of Protective Life), Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (Variable Annuity Account a of Protective Life)
CHANGE OF ANNUITANT. You may change the Annuitant by Written Notice prior to the Annuity Commencement Date. However, if any Owner is not an individual the Annuitant may not be changed. You may not designate an Annuitant who attained attains Age 86 {76} on or before the Effective Date or who will attain Age 95 {95} earlier than the Annuity Commencement Date in effect when the change of Annuitant is requested. Payee - Payee—The person or persons designated by the Owner to receive the annuity income payments under the Contract. The Annuitant is the Payee unless you designate another party as the Payee. You may change the Payee at any time.
Appears in 2 contracts
Sources: Individual Flexible Premium Deferred Variable Annuity Contract (Protective Variable Annuity Separate Account), Group Flexible Premium Deferred Variable Annuity Contract (Protective Variable Annuity Separate Account)