Common use of FREQUENCY SELECTION Clause in Contracts

FREQUENCY SELECTION. The Certificate Owner chooses the frequency of the Annuity Payments. They may be monthly, quarterly, semi-annually, or annually. If we do not receive written notice, the payments will be made monthly. THE INCOME PLAN While a Certificate is in effect and before the annuity commencement date, the Certificate Owner may choose one or more annuity options to which death benefit proceeds may be applied. If, at the time of the certificate Owner's death, no option has been chosen for paying death benefit proceeds, the beneficiary may choose an option within one year. An annuity option on surrender of the Certificate for its cash surrender value may also be elected. For each option we will issue a separate written agreement putting the option into effect. Our approval is needed for any option where:

Appears in 4 contracts

Sources: Deferred Combination Variable and Fixed Annuity Group Master Contract (VOYA INSURANCE & ANNUITY Co), Group Master Contract (Separate Account B of Golden American Life Insurance Co), Group Master Contract (Golden American Life Insurance Co /Ny/)

FREQUENCY SELECTION. The Certificate Owner chooses may choose the frequency of the Annuity Payments. They may be monthly, quarterly, semi-annually, annually or annually. If we do not receive written noticenotice from the Certificate Owner, the payments will be made monthly. THE INCOME PLAN While a Certificate is in effect and before the annuity commencement date, the Certificate Owner may choose one or more annuity options to which death benefit proceeds may be applied. If, at the time of the certificate Owner's death, no option has been chosen for paying death benefit proceeds, the beneficiary may choose an option within one year. An annuity option on surrender of the Certificate for its cash surrender value may also be elected. For each option we will issue a separate written agreement putting the option into effect. Our approval is needed for any option where:.

Appears in 2 contracts

Sources: Annuity Group Master Contract (Separate Account B of Golden American Life Insurance Co), Group Annuity Contract (Separate Account B of Golden American Life Insurance Co)

FREQUENCY SELECTION. The Certificate Owner chooses may choose the frequency of the Annuity Payments. They may be monthly, quarterly, semi-annually, annually or annually. If we do not receive written noticenotice from the Certificate Owner, the payments will be made monthly. THE INCOME PLAN While a Certificate is in effect and before the annuity commencement dateAnnuity Commencement Date, the Certificate Owner may choose chose one or more annuity options to which Annuity Options for the payment of death benefit proceeds may be appliedproceeds. If, at the time of the certificate Certificate Owner's death, no option Option has been chosen for paying the death benefit proceeds, the beneficiary Beneficiary may choose an option Option within one year. An annuity option The Certificate Owner may also elect an Annuity Option on surrender of the Certificate for its cash surrender value may also be electedCash Surrender Value. For each option Option we will issue a separate written agreement putting the option Option into effect. Our approval is needed for any option where:.

Appears in 1 contract

Sources: Master Contract (Golden American Life Insurance Co /Ny/)

FREQUENCY SELECTION. The Certificate Owner chooses the frequency of the Annuity Payments. They may be monthly, quarterly, semi-annually, or annually. If we do not receive written notice, the payments will be made monthly. THE INCOME PLAN While a Certificate is in effect and before the annuity commencement dateAnnuity Commencement Date, the Certificate Owner may choose one or more annuity options Annuity Options to which death benefit proceeds may be applied. If, at the time of the certificate Certificate Owner's death, no option has been chosen for paying death benefit proceeds, the beneficiary Beneficiary may choose an option within one year. An annuity option Annuity Option on surrender of the Certificate for its cash surrender value Cash Surrender Value may also be elected. For each option we will issue a separate written agreement putting the option into effect. Our approval is needed for any option where:

Appears in 1 contract

Sources: Deferred Combination Variable and Fixed Annuity Group Master Contract (VOYA INSURANCE & ANNUITY Co)

FREQUENCY SELECTION. The Certificate Owner chooses the frequency of the Annuity Payments. They may be monthly, quarterly, semi-annually, or annually. If we do not receive written notice, the payments will be made monthly. THE INCOME PLAN While a Certificate is in effect and before the annuity commencement dateAnnuity Commencement Date, the Certificate Owner may choose one or more annuity options Annuity Options to which death benefit proceeds may be applied. If, at the time of the certificate Certificate Owner's death, no option has been chosen for paying death benefit proceeds, the beneficiary Beneficiary may choose an option within one year. An annuity option Annuity Option on surrender of the Certificate for its cash surrender value Cash Surrender Value may also be elected. For each option we will issue a separate written agreement putting the option into effect. Our approval is needed for any option where:.

Appears in 1 contract

Sources: Deferred Combination Variable and Fixed Annuity Group Master Contract (Separate Account B of Golden American Life Insurance Co)