Common use of ELECTION OF ANNUITY OPTION Clause in Contracts

ELECTION OF ANNUITY OPTION. The Contract Owner or the Participant may elect to have Annuity Payments made under any of the Annuity Payment Options described in Section 6.05, provided such election is received in writing by Minnesota Mutual at its Home Office at least 30 days prior to the Annuity Commencement Date. If no such election is received by Minnesota Mutual, Annuity Payments will be made in accordance with Option 2A, a life income with a period certain of 120 months.

ELECTION OF ANNUITY OPTION. The Contract Owner or the Participant may elect to have Annuity Payments made under any of the Annuity Payment Options described in Section 6.057.05, provided such election is received in writing by Minnesota Mutual at its Home Office at least 30 days prior to the Annuity Commencement Date. If no such election is received by Minnesota Mutual, Annuity Payments will be made in accordance with Option 2A, a life income with a period certain of 120 months.