Common use of Annuity Account Clause in Contracts

Annuity Account. An account that reflects the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. Annuity Account Value - The total value of all the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. The Annuity Account Value is credited with a return based upon investment experience of the Sub-Account(s) selected by the Owner and will increase and decrease accordingly. Annuity Commencement Date - The date annuity payouts begin, as shown on the Contract Data Page, which is either the Payout Election Date or the Annuitant’s 99th birthday if no Payout Election Date has been established. The Owner may change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner’s surviving Spouse and elects to continue the Contract. In all cases, the Annuity Commencement Date must occur prior to the Annuitant’s 99th birthday. Annuity Payout Period - The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract.

Annuity Account. An account that reflects the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. Annuity Account Value - The total value of all the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. The Annuity Account Value is credited with a return based upon investment experience of the Sub-Account(s) selected by the Owner and will increase and decrease accordingly. Annuity Commencement Date - The date annuity payouts begin, as shown on the Contract Data Page, which is either the Payout Election Date or the Annuitant’s 99th 90th birthday if no Payout Election Date has been established. The Owner may change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner’s surviving Spouse spouse and elects to continue the Contract. In all cases, the Annuity Commencement Date must occur prior to the Annuitant’s 99th 90th birthday. Annuity Payout Period - The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract.

Annuity Account. An account that reflects the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. Annuity Account Value - The total value of all the Owner’s interests in the Sub-Accounts in both the Investment Segment and Income Segment. The Annuity Account Value is credited with a return based upon investment experience of the Sub-Account(s) selected by the Owner and will increase and decrease accordingly. Annuity Commencement Date - The date annuity payouts begin, as shown on the Contract Data Page, which is either the Payout Election Date or the Annuitant’s 99th 91st birthday if no Payout Election Date has been established. The Owner may change the Annuity Commencement Date if annuity payouts have not already begun. Upon death of the Owner, the Beneficiary may change the Annuity Commencement Date only if the Beneficiary is the Owner’s surviving Spouse spouse and elects to continue the Contract. In all cases, the Annuity Commencement Date must occur prior to the Annuitant’s 99th 91st birthday. Annuity Payout Period - The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract.