Annuity Benefits definition

Annuity Benefits or any other annuity form that we offer will be subject to a market value adjustment. A negative market value adjustment will not be imposed on a death benefit. No transfers are permitted to a Fixed Maturity Option from any Investment Option after the initial Contribution or transfer into such Fixed Maturity Option.
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Annuity Benefits. If the tax is imposed at a time other than when amounts are applied to an Annuity Benefit, we reserve the right to deduct the charge from Contributions in the section "Contributions" or withdrawals in the section "General Withdrawals".
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Annuity Benefits are subject to the "Restrictions on Distributions under the Code" described in this Section. Any distributions or payments under this Contract are also subject to any restrictions of the Employer's Plan.
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Examples of Annuity Benefits in a sentence

  • The Annuitant is the measuring life of the Annuity Benefits provided under this Contract.

  • Before we pay any Annuity Benefits, we require the return of this Contract.

  • The variable Annuity Benefits under this Contract are provided through investments which may be made in our Separate Accounts.

  • You have the rights and options described in this Contract, including but not limited to the right to receive the Annuity Benefits on the Annuity Commencement Date.

  • We may also offer alternate forms of Annuity Benefits under an Endorsement or Rider attached to this Contract, if applicable.

  • Benefit Payments, referred to in this Agreement, means the Reinsurer's quota share of: a) Claims, as described in Paragraph 2 below, b) Cash Surrenders, as described in Paragraph 3 below, c) Partial Withdrawals, as described in Paragraph 4 below, and d) Annuity Benefits, as described in Paragraph 5 below.

  • The Reinsurer's obligation for Annuity Benefits ---------------- paid by the Ceding Company on annuities reinsured hereunder will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.

  • Before we pay any Annuity Benefits, we require the return of this Certificate.

  • The value of future Variable Annuity Income is calculated by applying the Assumed Investment Return factor, and the mortality rates used to initially determine annuity payments, to the future Variable Annuity Benefits which are to be paid in accordance with the Annuity Income Option then remaining and in effect on the exercise date.

  • The farmers in the area are having a hard time again this year with all the rainfall and cold weather it’s a struggle to get crops in and those that did find it slow germinating because of the cold.


More Definitions of Annuity Benefits

Annuity Benefits which is either a life-contingent annuity or paying substantially equal periodic payments for a period of ten years or more, the direct rollover option does not apply to those funds.
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Annuity Benefits or any other annuity form offered by Equitable, will be subject to a MVA. The death benefit will be the larger of (a) the Annuity Account Value in Separate Account No. [48] and (b) the Fixed Maturity Amount. That is, a negative MVA will not apply. No transfers are permitted to an FMO from any Investment Option after the initial Contribution or transfer into such FMO. The minimum amount that may be transferred from an FMO after the initial allocation is [$300] or the Fixed Maturity Amount, if less.
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Annuity Benefits are subject to the restrictions described in this section. We reserve the right to require proof acceptable to us that a request for payment under any of those sections is permissible under either the Plan before processing the requested transaction. Except as otherwise permitted under Section 457 of the Code and in accordance with the terms of the Plan, amounts will not be paid to Plan Participants or their Beneficiaries earlier than (i) the calendar year in which the Plan Participant attains age 70 1/2 (ii) when the Plan participant has a severance from employment with the Employer or (iii) when the Plan Participant is faced with an unforeseeable emergency (within the meaning of applicable federal income tax Regulations). We reserve the right to limit transfers of Cash Value, up to the amount of any Loan Reserve Account under this Contract, to another funding vehicle under the Employer's Plan or to another Governmental Employer Plan, while there is a loan outstanding as described in the section "Plan Loans".
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Annuity Benefits are subject to the restrictions described in this section. We reserve the right to require proof acceptable to us that a request for payment under any of those sections is permissible under either the Plan before processing the requested transaction.
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Annuity Benefits amounts paid by Anchor on annuitization under an ----------------- Annuity.
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Related to Annuity Benefits

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Disability Benefit means the benefit set forth in Article 8.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Social Security Benefit means the Primary Insurance Amount to which a Participant becomes entitled at age sixty-five (65) under Social Security legislation in effect on the earliest of his Normal Retirement Date, early retirement date or Termination Date.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Relevant Benefits means any pension (including an annuity), lump sum or gratuity given or to be given on retirement or on death, or by virtue of a pension sharing order or provision, or in anticipation of retirement, or, in connection with past service, after retirement or death;

  • Employment benefits means all benefits provided or made

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.