NAMING AND CHANGING OF BENEFICIARIES. For Maturity Benefits or Withdrawals by Owner. The Owner may name and change the beneficiaries of maturity benefits or withdrawal amounts before the Maturity Date. If no beneficiary is named by the Owner, the Owner will be the direct beneficiary.
Appears in 16 contracts
Sources: Flexible Payment Variable Annuity (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Acct C of Northwestern Mut Life Ins Co), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)