Transferability Restrictions. The Owner may not transfer ownership of the contract, sell the contract, or assign or pledge the contract as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than the Company or a former spouse of the Owner under a divorce decree or under a written instrument incident to that divorce.
Appears in 3 contracts
Sources: Annuity Contract Amendment (NML Variable Annuity Account A), Amendment of Contract to Qualify as Individual Retirement Annuity (NML Variable Annuity Account A), Annuity Contract Amendment (NML Variable Annuity Account B)