Common use of Direct Rollovers Clause in Contracts

Direct Rollovers. To the extent required under IRC Section 401(a)(31), the Annuitant or his or her surviving spouse may elect to have any portion of an eligible rollover distribution, as defined in IRC Section 403(b)(8), paid directly to an Individual Retirement Annuity or Individual Retirement Account, as defined in IRC Section 408, or, if allowed, to another qualified pension, profit sharing, or annuity plan or other eligible retirement plan described in IRC Section 402(c)(8)(B), specified by the Annuitant or surviving spouse and which accepts such distribution. Any direct rollover election must be made on our form, and must be received at our office before the date of payment.

Appears in 6 contracts

Samples: Massmutual Ascend Life Insurance Co, Annuity Investors Variable Account C, Massmutual Ascend Life Insurance Co

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Direct Rollovers. To the extent required under IRC Section 401(a)(31), the Annuitant a participant or his or her surviving spouse may elect to have any portion of an eligible rollover distribution, as defined in IRC Section 403(b)(8), paid directly to an Individual Retirement Annuity or Individual Retirement Account, as defined in IRC Section 408, or, if allowed, to another qualified pension, profit sharing, or annuity governmental Section 457 plan or other eligible retirement plan described in IRC Section 402(c)(8)(B), specified by the Annuitant participant or surviving spouse and which accepts such distribution. Any direct rollover election must be made on our form, and must be received at our office before the date of payment.

Appears in 3 contracts

Samples: Annuity Investors Variable Account C, Annuity Investors Variable Account B, Annuity Investors Variable Account B

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Direct Rollovers. To the extent required under IRC Section 401(a)(31), the Annuitant or his or her surviving spouse may elect to have any portion of an eligible rollover distribution, as defined in IRC Section 403(b)(8), paid directly to an Individual Retirement Annuity or Individual Retirement Account, as defined in IRC Section 408, or, if allowed, to another qualified pension, profit sharing, or annuity governmental Section 457 plan or other eligible retirement plan described in IRC Section 402(c)(8)(B), specified by the Annuitant or surviving spouse and which accepts such distribution. Any direct rollover election must be made on our form, and must be received at our office before the date of payment.

Appears in 2 contracts

Samples: Massmutual Ascend Life Insurance Co, Annuity Investors Variable Account B

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