Common use of Guaranteed Income Clause in Contracts

Guaranteed Income. 6.2.1 Guaranteed Income is available on the Latest Annuity Date. We will provide written notice to the Certificate Owner(s) on the Annuity Exercise Date. The notice will inform the Certificate Owner(s) that, as of the Latest Annuity Date the Contract Owner will transfer the Account Value to us. We will make Guaranteed Income payments in accordance with the Income Plan shown on the Data Pages.

Appears in 3 contracts

Samples: Genworth Life & Annuity Insurance Co, Genworth Life & Annuity Insurance Co, Genworth Life & Annuity Insurance Co

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Guaranteed Income. 6.2.1 Guaranteed Income is available on the Latest Annuity Date. We will provide written notice to the Certificate Owner(s) you on the Annuity Exercise Date. The notice will inform the Certificate Owner(s) you that, as of the Latest Annuity Date Date, if you elect Guaranteed Income, you will authorize the Contract Owner will to transfer the Account Value to us. We will make Guaranteed Income payments in accordance with the Income Plan shown on the Data Pages.

Appears in 1 contract

Samples: Genworth Life & Annuity Insurance Co

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