Glwb Election Sample Clauses

GLWB ELECTION. An individual eligible to become a GLWB Elector makes a GLWB election by investing in a Covered Fund through a Great-West approved method and pursuant to the terms of the Covered Fund prospectus or disclosure document. Such individual may elect the GLWB on any Business Day on or after the Contract Date as long as he or she is younger than age 85 on the Certificate Election Date. Great-West will record a Certificate Election Date for each GLWB Elector.