Common use of CONTRACT MATURITY DATE Clause in Contracts

CONTRACT MATURITY DATE. The Contract Maturity Date is shown in the Schedule Pages and is the date when annuity payments will commence. The Contract Maturity Date is the earlier of (i) and (ii) below: (i) = the Contract Anniversary following the date the oldest Owner attains the Owner Annuitization Age, (ii) = the Contract Anniversary following the date the oldest Annuitant attains the Annuitant Annuitization Age. If this contract is issued in a qualified plan or ▇▇▇, the Contract Maturity Date may be modified pursuant to requirements set forth in the Internal Revenue Code.

CONTRACT MATURITY DATE. The Contract Maturity Date is shown in the Schedule Pages and is the date when annuity payments will commence. The Contract Maturity Date is the earlier of (i) and (ii) below: (i) = the Contract Anniversary following the date the oldest Owner attains the Owner Annuitization Age, (ii) = the Contract Anniversary following the date the oldest Annuitant attains the Annuitant Annuitization Age. If this contract is issued in a qualified plan or ▇▇▇IRA, the Contract Maturity Date may be modified pursuant to requirements set forth in the Internal Revenue Code.