ANNUITY BENEFIT PROCESSING. 1. Receives information with respect to annuities going into the annuity (payout) phase. 2. Calculates the amount of the initial annuity payment for variable payout.
Appears in 2 contracts
Sources: Distribution and Administrative Services Agreement (Separate Account N of Reliastar Life), Distribution and Administrative Services Agreement (Separate Account One of Northern Life Insurance Co)
ANNUITY BENEFIT PROCESSING. 1. A. Receives information with respect to annuities for Annuitants going into the annuity (payout) phase.
2. B. Calculates the amount of the initial annuity payment for variable payoutpayout based on tables supplied by CLIENT.
Appears in 1 contract
Sources: Administrative Services Agreement (United of Omaha Separate Account C)