ANNUITY BENEFIT PAYMENT GUARANTEE OPTIONS Sample Clauses

ANNUITY BENEFIT PAYMENT GUARANTEE OPTIONS. If a life Annuity Option has been elected, the Owner may also select one of the following guarantees: PAYMENTS GUARANTEED FOR A SPECIFIED NUMBER OF YEARS Periodic guaranteed payments for a period of 5 to 30 years, or any other period currently made available by the Company. CASH BACK: Upon notification of the Annuitant's death, any excess of the Annuity Value applied over the total amount of the annuity benefit payments will be paid to the Owner or Beneficiary, whichever is applicable. ANNUITY OPTION RATE TABLES The first variable annuity benefit payment will be based on the Annuity Option Rates made available by the Company on the rate basis available at the time the Annuity Option is selected. The fixed annuity benefit payments will be based on the greater of the guaranteed Annuity Option Rates shown in the tables on the following pages or the Company's non-guaranteed current Annuity Option Rates applicable to this class of contracts. The Company guarantees that once an Annuity Option is selected, the annuity benefit payments will not be affected by changes in mortality and expense experience. Form A3033-00 24 ANNUITY OPTION TABLES MONTHLY ANNUITY BENEFIT PAYMENT FOR EACH $1,000 OF ANNUITY VALUE APPLIED Age Life Annuity with Life Life Annuity Nearest Payments Guaranteed Annuity With Cashback Payment For 10 Years Male Female Unisex Male Female Unisex Male Female Unisex 50 4.05 3.81 3.91 4.08 3.83 3.93 3.90 3.72 3.79 51 4.11 3.87 3.97 4.15 3.89 3.99 3.96 3.77 3.85 52 4.18 3.93 4.03 4.22 3.95 4.06 4.01 3.82 3.90 53 4.25 3.99 4.10 4.30 4.01 4.13 4.07 3.88 3.96 54 4.33 4.06 4.17 4.38 4.08 4.20 4.14 3.94 4.02 55 4.41 4.13 4.24 4.46 4.15 4.28 4.20 3.99 4.07 56 4.49 4.20 4.32 4.55 4.23 4.36 4.27 4.06 4.14 57 4.58 4.28 4.40 4.65 4.31 4.45 4.34 4.12 4.21 58 4.68 4.36 4.49 4.75 4.40 4.54 4.42 4.19 4.28 59 4.78 4.45 4.58 4.86 4.49 4.64 4.50 4.26 4.36 60 4.88 4.54 4.67 4.98 4.59 4.74 4.58 4.34 4.44 61 4.99 4.63 4.77 5.10 4.69 4.85 4.67 4.42 4.52 62 5.10 4.73 4.88 5.23 4.80 4.97 4.76 4.50 4.60 63 5.23 4.84 4.99 5.37 4.92 5.10 4.85 4.59 4.69 64 5.35 4.95 5.11 5.52 5.04 5.24 4.95 4.68 4.79 65 5.48 5.07 5.24 5.69 5.18 5.38 5.06 4.78 4.89 66 5.62 5.20 5.37 5.86 5.32 5.54 5.17 4.89 5.00 67 5.77 5.33 5.51 6.04 5.47 5.70 5.28 4.99 5.11 68 5.92 5.47 5.65 6.24 5.64 5.88 5.40 5.11 5.23 69 6.07 5.62 5.80 6.45 5.82 6.07 5.52 5.23 5.35 70 6.23 5.78 5.96 6.67 6.01 6.27 5.66 5.36 5.48 71 6.39 5.94 6.12 6.90 6.21 6.49 5.79 5.49 5.61 72 6.56 6.11 6.29 7.16 6.44 6.72 5.94 5.63 5.75 73 ...
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ANNUITY BENEFIT PAYMENT GUARANTEE OPTIONS. If a life Annuity Option has been elected, the Owner may also select one of the following guarantees: PERIOD CERTAIN Periodic guaranteed payments for a period of ten years, or any other period currently made available by the Company.
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Related to ANNUITY BENEFIT PAYMENT GUARANTEE OPTIONS

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • ANNUITY BENEFIT Payments under an Annuity Benefit will be made monthly. You may elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of your election or as otherwise stated in the Data Pages or any Endorsement attached hereto. This election may be made at the time the Annuity Benefit form as described in Section 8.04 is elected. In that event, all references in this Contract to monthly payments, with respect to the Annuity Benefit to which the election applies, will be deemed to mean payments at the frequency elected.

  • BENEFIT PAYMENT ELECTIONS Not earlier than 90 days, but not later than 30 days, before the Participant's annuity starting date, the Advisory Committee must provide a benefit notice to a Participant who is eligible to make an election under this Section 6.03. The benefit notice must explain the optional forms of benefit in the Plan, including the material features and relative values of those options, and the Participant's right to defer distribution until he attains the later of Normal Retirement Age or age 62. If a Participant or Beneficiary makes an election prescribed by this Section 6.03, the Advisory Committee will direct the Trustee to distribute the Participant's Nonforfeitable Accrued Benefit in accordance with that election. Any election under this Section 6.03 is subject to the requirements of Section 6.02 and of Section 6.04. The Participant or Beneficiary must make an election under this Section 6.03 by filing his election with the Advisory Committee at any time before the Trustee otherwise would commence to pay a Participant's Accrued Benefit in accordance with the requirements of Article VI.

  • TIME OF PAYMENT OF ACCRUED BENEFIT Unless, pursuant to Section 6.03, the Participant or the Beneficiary elects in writing to a different time or method of payment, the Advisory Committee will direct the Trustee to commence distribution of a Participant's Nonforfeitable Accrued Benefit in accordance with this Section 6.01. A Participant must consent, in writing, to any distribution required under this Section 6.01 if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of the distribution to the Participant, exceeds $3,500 and the Participant has not attained the later of Normal Retirement Age or age 62. Furthermore, the Participant's spouse also must consent, in writing, to any distribution, for which Section 6.04 requires the spouse's consent. For all purposes of this Article VI, the term "annuity starting date" means the first day of the first period for which the Plan pays an amount as an annuity or in any other form. A distribution date under this Article VI, unless otherwise specified within the Plan, is the date or dates the Employer specifies in the Adoption Agreement, or as soon as administratively practicable following that distribution date. For purposes of the consent requirements under this Article VI, if the present value of the Participant's Nonforfeitable Accrued Benefit, at the time of any distribution, exceeds $3,500, the Advisory Committee must treat that present value as exceeding $3,500 for purposes of all subsequent Plan distributions to the Participant.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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