Common use of EFFECTIVE DATE FOR PAYMENT PLAN Clause in Contracts

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: • on the date the election is received at the Home Office; or • on a later date, if requested.

Appears in 10 contracts

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: o on the date the election is received at the Home Office; or o on a later date, if requested.

Appears in 5 contracts

Sources: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Variable Annuity Contract (NML Variable Annuity Account B)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an OwnerOwner , a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: o on the date the election is received at the Home Office; or o on a later date, if requested.

Appears in 2 contracts

Sources: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an OwnerOwner , a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: - on the date the election is received at the Home Office; or - on a later date, if requested.

Appears in 2 contracts

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan Plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: • on the date the election is received at the Home Office; or • on a later date, if requested.

Appears in 2 contracts

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: - on the date the election is received at the Home Office; or - on a later date, if requested.

Appears in 2 contracts

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a A payment plan that is elected by the Owner for the Death Benefit death benefits will take effect on the date proof of death of the Annuitant is received at the Home OfficeOffice if: - the plan is elected by the Owner; and - the election is received at the Home Office while the Annuitant is living. In all other cases, a payment plan that is elected will take effect: • on - On the date the election is received at the Home Office; or - on a later date, if requested.

Appears in 2 contracts

Sources: Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a A payment plan that is elected by the Owner for the Death Benefit death benefits will take effect on the date proof of death of the Annuitant is received at the Home OfficeOffice if: • the plan is elected by the Owner; and • the election is received at the Home Office while the Annuitant is living. In all other cases, a payment plan that is elected will take effect: • on the date the election is received at the Home Office; or • on a later date, if requested.. QQV.ACCT.A.B.

Appears in 2 contracts

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a A payment plan that is elected by the Owner for the Death Benefit death benefits will take effect on the date proof of death of the Annuitant is received at the Home OfficeOffice if: • the plan is elected by the Owner; and • the election is received at the Home ‘Office while the Annuitant is living. In all other cases, a payment plan that is elected will take effect: • on the date the election is received at the Home Office; or • on a later date, if requested.. QQV.ACCT.A.B

Appears in 1 contract

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a A payment plan that is elected by the Owner for the Death Benefit death benefits will take effect on the date proof of death of the Annuitant is received at the Home OfficeOffice if: • the plan is elected by the Owner; and • the election is received at the Home Office while the Annuitant is living. In all other cases, a payment plan that is elected will take effect: • on the date the election is received at the Home Office; or • on a later date, if requested.. QQV.ACCT.A.B

Appears in 1 contract

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account A)

EFFECTIVE DATE FOR PAYMENT PLAN. A payment plan that is elected for maturity benefits will take effect on the Maturity Date. If the Annuitant is an Owner, a payment plan that is elected by the Owner for the Death Benefit will take effect on the date proof of death of the Annuitant is received at the Home Office. In all other cases, a payment plan that is elected will take effect: . on the date the election is received at the Home Office; or . on a later date, if requested.

Appears in 1 contract

Sources: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)