Common use of Power of Appointment Clause in Contracts

Power of Appointment. After the insured’s death the insured’s spouse, by filing a written request at the home office of the company, may revoke the interests of all other beneficiaries without their consent and has authority to appoint any beneficiary to receive any amount payable hereunder in one sum after his/her death. This appointment shall be without prejudice to the company for any payment made by it before receipt of said written request at its home office.