Annuity Date. Unless otherwise changed as provided below, the Annuity Date is shown in the Contract Specifications. We assigned the Annuity Date based on the Contract type chosen and the Annuitant’s Age. If there are Joint Annuitants, the Annuity Date is based on the younger Annuitant’s birthday. The Annuity Date may be changed by providing proper notice to us at least ten (10) Business Days prior to the current or new Annuity Date, whichever is earlier. The new Annuity Date must be after the first Contract Anniversary and on or before the day the younger Annuitant reaches the Maximum Annuitization Age, or earlier as required by any applicable federal law or the Code. You may be subject to additional restrictions under your Qualified Plan. You should consult with your Qualified Plan administrator before you elect an Annuity Date.
Annuity Date. If no Annuity Date is specified on the Application, the Annuity Date will be the Latest Annuity Date, as set by the Company. PAYMENTS TO OWNER Unless You request otherwise, We will make annuity payments to You. If You want the annuity payments to be made to some other Payee, We will make such payments subject to receipt of a written request filed at the Annuity Service Center no later than thirty (30) days before the due date of the first annuity payment. Any such request is subject to the rights of any assignee. No payments available to or being paid to the Payee while the Annuitant is alive can be transferred, commuted, anticipated or encumbered. FIXED ANNUITIZATION If a Fixed Annuitization has been elected, the proceeds payable under this Contract less any applicable premium taxes, shall be applied to the payment of the fixed annuity payment option elected at rates which are at least equal to the annuity rates based upon the applicable tables in the Contract. In no event will the Fixed Annuitization be changed once it begins. BETTERMENT OF RATES The amount of the Owner's monthly payment will be at least equal to the monthly payment produced by the application of an amount equal to the Contract Value of this Contract to purchase any single consideration immediate annuity contract offered by the Company at the same time to the same class of annuitants. We are not currently offering any single premium immediate annuity contracts. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying the portion of the Contract Value allocated by You for Fixed Annuitization, less any applicable premium taxes, to the annuity table applicable to the fixed annuity payment option chosen.
Annuity Date. The date on which Annuity Payments begin. The Annuity Date is always the first day of a month. Annuity Payment One of a series of payments made under an Annuity Payment Option. Annuity Payments are based on the lifetime or life expectancy of the Annuitant unless an Annuity Income option which pays only for a Period Certain is elected.
Annuity Date. The Annuity Date may be no earlier than the first Contract Anniversary nor any later than the date the Annuitant would reach the Maximum Annuitization Age shown in the Contract Schedule. If you have not chosen an Annuity Date, it will be the date the Annuitant would reach the Maximum Annuitization Age shown in the Contract Schedule. For an IRA, if you have not chosen an Annuity Date, it will be the date the Annuitant reaches age 70 1/2. You may change the Annuity Date prior to the Annuity Date.
Annuity Date. 3 Beneficiary ............................................................................................................................... 3
Annuity Date. The date on which You choose to begin receiving annuity payments.
Annuity Date. The date Annuity Payments begin. There may be more than one Annuity Date applicable to this Contract if you elect to apply only a portion of the Contract Value to an Annuity Option. The latest date that all of the Contract Value may be applied to provide Annuity Payments under this Contract is shown as the Latest Permitted Annuity Date on the Contract Schedule. ANNUITY OPTIONS. Options available for Annuity Payments.
Annuity Date. If You selected an Annuity Date at the time of application for this Contract, it is shown on the Contract Schedule. Otherwise, the Annuity Date shown on the Contract Schedule is the Maturity Date. Prior to the Maturity Date, You may change the Annuity Date subject to Our requirements and limitations described on the Contract Schedule.
Annuity Date. The date on which the Premium is received.
Annuity Date. Payments to Owner; Fixed Annuity Payments; Amount of Fixed Annuity Payments; Amount of Variable Annuity Payments ANNUITY PAYMENT OPTIONS ...............................................................PAGE 21
