ANNUITY PROVISIONS. Annuitization When annuitization occurs, the contract value, less any applicable Market Value Adjustment will be applied to make annuity payments. The first payment will be made as of the retirement date. This date is shown under Contract Data. Before payments begin we will require satisfactory proof that the annuitant is alive. We may also require that you exchange this contract for a supplemental contract which provides the annuity payments.
Appears in 8 contracts
Sources: Deferred Variable Annuity Contract (American Enterprise Variable Annuity Account), Deferred Variable Annuity Contract (American Enterprise Variable Annuity Account), Deferred Annuity Contract (American Enterprise Variable Annuity Account)
ANNUITY PROVISIONS. Annuitization When annuitization occurs, the contract value, less any applicable Market Value Adjustment value will be applied to make annuity payments. The first payment will be made as of the retirement date. This date is shown under Contract Data. Before payments begin we will require satisfactory proof that the annuitant is alive. We may also require that you exchange this contract for a supplemental contract which provides the annuity payments.
Appears in 5 contracts
Sources: Deferred Annuity Contract (American Express Platinum Variable Annuity Sm), Deferred Annuity Contract (American Enterprise Variable Annuity Account), Deferred Annuity Contract (American Express Platinum Variable Annuity Sm)
ANNUITY PROVISIONS. Annuitization When annuitization occurs, the contract value, less any applicable Market Value Adjustment value will be applied to make annuity payments. The first payment will be made as of the retirement date. This date is shown under Contract Data. Before payments begin we will require satisfactory proof that the annuitant is alive. We may also require that you exchange this contract for a supplemental contract contract, which provides for the annuity payments.
Appears in 2 contracts
Sources: Deferred Annuity Contract (Acl Variable Annuity Account 2), Deferred Annuity Contract (Acl Variable Annuity Account 2)
ANNUITY PROVISIONS. Annuitization When annuitization occurs, the contract value, less any applicable Market Value Adjustment value will be applied to make annuity payments. The first fist payment will be made as of the retirement date. This date is shown under Contract Data. Before payments begin we will require satisfactory proof that the annuitant is alive. We may also require that you exchange this contract for a supplemental contract which provides the annuity payments.
Appears in 1 contract
Sources: Deferred Annuity Contract (American Enterprise Variable Annuity Account)