Common use of Election and Revocation Clause in Contracts

Election and Revocation. SWO may be elected by the Participant by submitting a completed and signed election form to Aetna's Home Office. The Participant must also submit the appropriate joint and survivor annuity waiver and spousal consent form(s) to Aetna at its Home Office. Once elected, this option may be revoked by the Contract Holder by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. SWO may be elected only once.

Appears in 1 contract

Sources: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

Election and Revocation. SWO may be elected by the Contract Holder on behalf of the Participant by submitting a completed and signed election form to Aetna's Home Office. The Participant must also submit the appropriate joint and survivor annuity waiver and spousal consent form(s) to Aetna at its Home Office. Once elected, this option may be revoked by the Contract Holder on behalf of the Participant by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. SWO may be elected only once.

Appears in 1 contract

Sources: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

Election and Revocation. SWO may be elected by the Participant Contract Holder by submitting a completed and signed election form to Aetna's Home Office. The Participant must also submit the appropriate joint and survivor annuity waiver and spousal consent form(s) to Aetna at its Home Office. Once elected, this option may be revoked by the Contract Holder by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. SWO may be elected only once.

Appears in 1 contract

Sources: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)