Condition 1: Applicant or Spouse Annuity Owner
The first condition is that the applicant and their spouse is an owner of the annuity. Even if there are other joint owners, as long as the applicant or their spouse has a partial ownership interest in the annuity this condition is met.
Only an owner of an annuity may designate a beneficiary. If the applicant or their spouse is not an owner of an annuity in which they have interest, then they cannot designate a beneficiary. That is why this requirement only applies to annuities in which the applicant or their spouse has an ownership interest.
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Designating DHS as the PRB - Requirement Conditions