Common use of ANNUITY BENEFIT Clause in Contracts

ANNUITY BENEFIT. Payments under an Annuity Benefit will be made monthly to you. If you are not the Annuitant, payments will be made to you, as the Owner. 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, any Endorsement(s), or Rider(s), 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.