Common use of Further Payees Clause in Contracts

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In equal shares to the further payees who survive and receive payment; or - If no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.

Appears in 3 contracts

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries. ▇▇.▇.▇.▇▇. (1106) 18

Appears in 3 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), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co)

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries. ▇▇.▇.▇.▇▇.(0704) 19

Appears in 2 contracts

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

Further Payees. At the death of all of the direct and contingent beneficiaries, the proceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - In equal shares to the further payees who survive and receive payment; or - If no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.:

Appears in 2 contracts

Sources: Variable Whole Life Policy (Aerosonic Corp /De/), Variable Whole Life Policy (Aerosonic Corp /De/)

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RR.V.B.BK.(0805) 21

Appears in 2 contracts

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In o in equal shares to the further payees who survive and receive payment; or - If o if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.

Appears in 2 contracts

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RP.V.A.BK.(0803) 20

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries. ▇▇.▇.▇.▇▇.(0803) 19

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RP.V.A.BK.(0704) 20

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RP.V.B.MSNST. (0704) 19

Appears in 1 contract

Sources: Mason Street Variable Annuity Contract (NML Variable Annuity Account B)

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RR. V. B. MSNST. (0803) 19

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries. ▇▇.▇.▇.▇▇.(0805) 19

Appears in 1 contract

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

Further Payees. At the death of all of the direct and contingent beneficiaries, the proceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - In o in equal shares to the further payees who survive and receive payment; or - If o if no further payees survive and receive payment, to the estate of the last to die of all beneficiariesof the direct and contingent beneficiaries who survive the Insured.

Appears in 1 contract

Sources: Variable Whole Life Policy (Northwestern Mutual Variable Life Account)

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RR.V.B.MSNST.(0805) 19

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent of the beneficiaries, the proceeds, or the present value of any unpaid un paid payments under a payment plan, will be paid in one sum: - In : (1) in equal shares to the further payees who survive and receive payment; or - If or (2) if no further payees survive and receive payment, to the estate of the last to die of all of the beneficiaries.

Appears in 1 contract

Sources: Deferred Variable Annuity Contract (NML Variable Annuity Account B)

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In • in equal shares to the further payees who survive and receive payment; or - If • if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries.. RR.V.B.BK.(0803) 20

Appears in 1 contract

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

Further Payees. At the death of all direct and contingent beneficiaries, the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiaries. ▇▇.▇.▇.▇▇.(0803) 19

Appears in 1 contract

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

Further Payees. At the death of all of the direct and contingent beneficiaries, the proceeds, or the present value of any unpaid payments under a payment plan, will be paid in one sum: - In . in equal shares to the further payees who survive and receive payment; or - If . if no further payees survive and receive payment, to the estate of the last to die of all beneficiariesof the direct and contingent beneficiaries who survive the Insured.

Appears in 1 contract

Sources: Variable Whole Life Policy (Aerosonic Corp /De/)