ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the fifth Contract Anniversary but before the required date of Annuity Commencement as shown in the Schedule. If you do not select a date, the Annuity Commencement Date will be in the month following the required date of Annuity Commencement.
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the first Contract Anniversary but before the Required Annuity Commencement Date stated below. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If you do not select a date, the Annuity Commencement Date will be in the month following the Required Annuity Commencement Date. If, on the Annuity Commencement Date, a Surrender Charge remains and you elect Income Option 1, the Period Certain must be of at least 10 years duration. Required Annuity Commencement Date The Annuity Commencement Date may be no later than the same date as the Contract Processing Date in the month following the later of the Annuitant's 90th birthday or 10 years after the last Premium Payment. FREQUENCY SELECTION Income Payments will be made monthly unless you direct otherwise in writing. However, payments other than monthly, quarterly, semi-annually or annually require our consent. Each Income Payment must equal at least $50.00 and the sum of all Income Payments in any one year must equal at least $250.00. We have the right to increase these minimums based upon increases reflected in the Consumer Price Index - Urban (CPI-U) since January 1, 2005. If the option and frequency elected do not meet these minimum requirements, we have the right to make payments less frequently as necessary to do so. THE INCOME PLAN While this Contract is in effect and before the Annuity Commencement Date, you may choose one or more Income Options for the payment of the Death Benefit. If, at the time of your death, no Option has been chosen for paying the Death Benefit, the Beneficiary may choose an Option within one year. You may also elect an Income Option on surrender of the Contract. For each Option elected, we will issue a separate written agreement putting the Option into effect.
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the first Contract Anniversary but before the required date of Annuity Commencement as shown in the Schedule. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If you do not select a date, the Annuity Commencement Date will be in the month following the required date of Annuity Commencement.
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the first Contract Anniversary but before the Required Date of Annuity Commencement stated below. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If you do not select a date, the Annuity Commencement Date will be in the month following the required date of Annuity Commencement. In applying the Accumulation Value, we may first collect any Premium Taxes due us. If, on the Annuity Commencement Date, a Surrender Charge remains and you select Annuity Option 1, your Annuity Option must include a period certain of at least 10 years duration. Required Date of Annuity Commencement Distributions from a Contract funding a Qualified Plan must commence no later than April 1st of the calendar year following the calendar year in which you attain age 70 1/2. Otherwise, the Annuity Commencement Date may be no later than the same date as the Contract Processing Date in the month following the later of the Annuitant's 90th birthday or 10 years after the last Premium Payment.
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the third Contract Anniversary but before the required date of Xxxxxxx Commencement as shown in the Schedule. If you do not select a date, the Annuity Commencement Date will be in the month following the required date of Annuity Commencement.
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the third Contract Anniversary but before the required date of Xxxxxxx Commencement as shown in the Schedule. If you do not select a date, the Annuity Commencement Date will be in the month following the required date of Annuity Commencement. FREQUENCY SELECTION You choose the frequency of the Annuity Payments. They may be monthly, quarterly, semi-annually, or annually. If we do not receive written notice from you, the payments will be made monthly. THE INCOME PLAN While this Contract is in effect and before the Annuity Commencement Date, you may choose one or more Annuity Options for the payment of death benefit proceeds. If, at the time of the Owner's death, no Option has been chosen for paying death benefit proceeds, the Beneficiary may choose an Option within one year. You may also elect an Annuity Option on surrender of the Contract for its Cash Surrender Value. For each Option we will issue a separate written agreement putting the Option into effect. Our approval is needed for any Option where:
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the first Contract Anniversary, but before the Required Date of Annuity Commencement stated below. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If you do not select a date, the Annuity Commencement Date will be in the month following the Required Date of Annuity Commencement. In applying the Accumulation Value, we may first collect any Premium Taxes due us. Required Annuity Commencement Date Distributions from a Contract funding a Qualified Plan must commence no later than April 1st of the calendar year following the calendar year in which you attain age 70 1/2. Otherwise, the Annuity Commencement Date may be no later than the same date as the Contract Date in the month following the Annuitant's 90th birthday.
ANNUITY COMMENCEMENT DATE SELECTION. The Certificate Owner selects the Annuity Commencement Date. Any date may be selected following the first Certificate Anniversary but before the required date of Annuity Commencement as shown in each Certificate. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If a date is not selected, the Annuity Commencement Date will be in the month following the required date of Annuity Commencement.
ANNUITY COMMENCEMENT DATE SELECTION. Initial Premium Payment Frequency Selection Additional Premium Payments The Income Plan Your Right to Change Allocation of The Annuity Options Accumulation Value Payment When Named Person Dies Transfers from a Guaranteed Interest Division Limitation of Allocations Other Important Information........................................ 26 What Happens if a Variable Separate Account Sending Notice to Us Division is Not Available Reports to Owner Restricted Funds Assignment - Using this Contract as Collateral Security
ANNUITY COMMENCEMENT DATE SELECTION. You select the Annuity Commencement Date. You may select any date following the first Contract Anniversary. Distributions from a Contract funding a Qualified Plan must commence no later than April 1st of the calendar year following the calendar year in which you attain age 70 1/2. Otherwise, the Annuity Commencement Date may be no later than the same date as the Contract Date in the month following the later of the Annuitant's 90th birthday or the 10th Contract Anniversary. In applying the Accumulation Value, we may first collect any Premium Taxes due us. On the Annuity Commencement Date, the age of the Annuitant plus the number of years payments are guaranteed must not exceed 100. If you do not select a date, the Annuity Commencement Date will be in the month following the later of the Annuitant's 90th birthday or the 10th Contract Anniversary.
