Guaranteed Payment. A payment that is due whether or not the Annuitant, or Joint Annuitant, if applicable, is alive on the payment due date, as described in the Schedule of Benefits on the Specifications page.
Appears in 3 contracts
Sources: Group Single Premium Immediate Fixed, Variable or Combination Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Single Premium Immediate Fixed, Variable or Combination Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)