GC 2510.18 SECTION 15 - PAYMENT OF DEATH BENEFIT SECTION 16 - NAMING OF BENEFICIARY SECTION 15 - PAYMENT OF DEATH BENEFITS If You die while insured under the policy, AUL will pay the benefits owed under the policy to the Beneficiary: 1) upon timely receipt of acceptable proof of death; and 2) subject to all other provisions of the policy and to Your dated and signed designation. The following Sections describe the manner in which death benefits are paid. SECTION 16 - NAMING OF BENEFICIARY BENEFICIARY means the individual, individuals or entity named by You to receive Your Life Amount. Unless the policy provides otherwise, AUL will pay benefits according to Your Beneficiary designation. When You apply for coverage on an AUL-approved form, You should: 1) designate the name of one or more Beneficiaries; 2) classify the Beneficiaries by order of preference, either primary or contingent; and 3) indicate distribution of the proceeds among members of the class of Beneficiaries. If more than one primary Beneficiary is listed and no distributive share is indicated, then all primary Beneficiaries will share equally. If no primary Beneficiaries outlive You and there is no distributive share indicated among the contingent Beneficiaries, then all contingent Beneficiaries will share equally. If the policy replaces insurance coverage of another carrier, AUL may, upon written request of the Group Policyholder, recognize Beneficiary designations in effect under the prior coverage as effective until a new designation is made with AUL, provided that prior designations are in a form acceptable to AUL and the Group Policyholder receives AUL’s written approval of the form. CHANGING A BENEFICIARY You may change a Beneficiary at any time by written request. The request must be completed, signed, dated and filed through the Group Policyholder. AUL may recognize a beneficiary change as of the date the form was signed by You even if You are not alive when AUL receives it. However, AUL is not liable if benefits are paid according to the previous designation before AUL receives the change. If You apply for an individual life insurance conversion policy under Section 10, Conversion Privilege and name a new Beneficiary, AUL will use any beneficiary designated in that application when determining which beneficiary to pay. AUL reserves the right to require that any Beneficiary designation be acceptable to it and be made pursuant to applicable laws.