Annuity Contract. An individual or group annuity contract issued by an insurance company providing periodic benefits, whether fixed, variable or both, the benefits or value of which a Participant or Beneficiary cannot transfer, sell, assign, discount, or pledge as collateral for a loan or as security for the performance of an obligation, or for any other purpose, to any person other than the issuer thereof. The terms of any annuity contract purchased and distributed by the Plan to a Participant or Spouse shall comply with the requirements of this Plan.
Annuity Contract. Flexible Premium Deferred Variable Annuity and/or Market Value Adjusted Annuity With Benefit Payment Options Nonparticipating If you have any questions concerning this Contract, please contact your Lincoln National Life representative or the Home Office of LNL. THE LINCOLN NATIONAL LIFE INSURANCE COMPANY 0000 Xxxxx Xxxxxxx Xxxxxx P. O. Box 7882 Fort Xxxxx, Indiana 46802
Annuity Contract. Annuity Contract means an annuity contract that the Trustee purchases with the Participant's Vested Account Balance. An Annuity Contract includes a QJSA, a QPSA and an Alternative Annuity. If the Plan Administrator elects or is required to provide an Annuity Contract, such annuity must be a Nontransferable Annuity and otherwise must comply with the Plan terms.
Annuity Contract. Any annuity contract distributed under the Plan must be nontransferable. In addition, the terms of any annuity contract purchased and distributed to a Participant or to a Participant’s spouse must comply with all requirements under this Plan.
Annuity Contract. The benefits available under this Contract, including the Contract Value, death benefit and the annuity income payments, when based on the investment experience of the separate account, are variable. They will increase or decrease as a result of fluctuations in the net investment factor described on page 7 of the Contract. There is no minimum guaranteed value for amounts allocated to the separate account. Variable annuity income payments are determined by the Annuity Unit Value(s) of the Sub-Account(s) you select and will increase or decrease as a result of fluctuations in the net investment factor above or below the yearly Assumed Investment Return of 4.75%, as described on page 10 of the Contract. The explicit charges assessed against the separate account are described on the Schedule.
Annuity Contract. A nontransferable contract as defined in section 403(b)(1) of the Code, established for each Participant by the Employer, or by each Participant individually, that is issued by an insurance company qualified to issue annuities in Texas and that includes payment in the form of an annuity.
Annuity Contract. The Annuity Contract shall be a mere accounting device and the Employer shall have no obligation to actually purchase Annuity. Further, to the extent the Employer does purchase the Annuity, all right, title, and interest in and to the Annuity (or any other assets which may be purchased by Employer) shall at all times be the sole property of the Employer and shall in no event be deemed to constitute a fund or collateral security for the payments under the Agreement. The Annuity and any other asset purchased by the Employer shall for all purposes be a part of the general funds of the Employer. To the extent that the Executive or the Executive’s Beneficiary acquires rights to receive payments under the Plan, such rights shall be no greater than the rights of any unsecured general creditor of the Employer. The Annuity Contract shall merely be the mechanism for tracking the benefits owed to the Executive under the Agreement.
Annuity Contract. Nonparticipating Axxxxxx proceeds payable at maturity date. Death proceeds payable in event of death of Annuitant prior to maturity date. If you have any questions concerning this contract or if anyone suggests that you change or replace this contract, please contact your registered representative or the Home Office of the Company.
Annuity Contract. This is a group deferred annuity contract. It is a legal contract between the Contract Holder, as the owner, and Us, RiverSource Life Insurance Company, a stock company, Minneapolis, Minnesota. PLEASE READ YOUR CONTRACT CAREFULLY. RiverSource Life Insurance Company agrees to provide benefits to or on behalf of Participants or beneficiaries according to the terms and conditions provided in this contract and described in Certificates provided to each Participant. We issue this contract in consideration of the payment of the purchase payments for allocation to each Participant's Certificate Account as directed. ACCUMULATION VALUES AND ANNUITY PAYMENTS, WHEN BASED ON THE INVESTMENT RESULTS OF THE VARIABLE SUBACCOUNTS, ARE VARIABLE AND NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT. SEE THE ACCOUNTS: FIXED AND VARIABLE SECTION FOR VARIABLE ACCOUNT PROVISIONS. OPTIONAL RIDER CHARGES MAY REDUCE A PARTICIPANT'S DEATH BENEFIT AMOUNT TO LESS THAN THE CERTIFICATE ACCOUNT VALUE. SEE THE PAYMENTS TO BENEFICIARIES PROVISIONS. NOTICE OF THE PARTICIPANTS' RIGHT TO EXAMINE THE CERTIFICATE FOR TEN DAYS. If for any reason a Participant is not satisfied with the Certificate, he or she may cancel enrollment in this contract by returning the Certificate to Us or Our agent within ten Days after receiving it. Upon such cancellation We will refund an amount equal to the sum of: (1) any purchase payments allocated to the Certificate Account, plus or minus any change in value, at the end of the Valuation Period during which We receive the Certificate; and (2) any premium tax charges paid. The Participant's enrollment under the contract will then be considered void from the start. Signed for and issued by RiverSource Life Insurance Company of Minneapolis, Minnesota, as of the Contract Date. - Employer Plan - Group Deferred Annuity Individual Participant Allocation - Variable Accumulation Values - Optional Fixed Dollar or Variable Annuity Payments - This Contract is Nonparticipating -- Dividends Are Not Payable GUIDE TO CONTRACT PROVISIONS Important contract specifications, fund allocations, fees and charges DEFINITIONS Pages 4-6 Important words and meanings GENERAL PROVISIONS Pages 7-9 Entire Contract Annuity Tax Qualification Contract Modification Plan Limitations Discontinuance of Enrollment under this Contract Incontestable Benefits Based on Incorrect Data State Laws Reports to Participants Evidence of Survival Protection of Proceeds Payments by Us Voting Rights Nonforfeitable Contract ...
Annuity Contract. Nontransferable annuity contract issued by an Insurer.
