Guaranteed Term Classifications Sample Clauses
Guaranteed Term Classifications. The grouping of Terms according to their time to maturity. The following are the Classifications:
(a) Short Term: Terms of up to and including 3 years; or
(b) Long Term: Terms of greater than 3 years and up to and including 10 years. During a Deposit Period, Aetna may make available one or more Terms within a Classification. The Owner has the option to allocate Net Purchase Payment(s) and transfers into any or all of the available Deposit Period Terms. If no specific direction is given, Net Purchase Payment(s) and transfers will go into available Terms on a pro rata basis within the Classification(s) previously chosen by the Owner. At least one Term in the Short Term Classification will be available each Deposit Period.
Guaranteed Term Classifications. The grouping of Terms according to their time to maturity. The following are the Classifications:
(1) Short Term: Terms of at least one month up to and including 3 years; or
(2) Long Term: Terms of greater than 3 years and up to and including 10 years. During a Deposit Period, we may make available one or more Terms within a Classification. A toll-free telephone number will provide information on current credited interest rates for new Deposit Period terms. The Contract Holder has the option to allocate Net Purchase Payment(s) and transfers into any or all of the available Deposit Period Terms. If no specific direction is given, Net Purchase Payment(s) and transfers will go into available Terms on a pro rata basis within the Classification(s) previously chosen by the Contract Holder. If there are no Terms available in the Long Term Classification previously chosen, such amounts will be allocated to the Term within the Short Term Classification with the longest period. If there are no Terms available in the Short Term Classification previously chosen, such amounts will be allocated to the Term within the Long Term Classification with the shortest period.
Guaranteed Term Classifications. The grouping of Terms according to their time to maturity. The following are the Classifications:
(1) Short Term: Terms of at least one month up to and including 3 years; or
(2) Long Term: Terms of greater than 3 years and up to and including 10 years. During a Deposit Period, we may make available one or more Terms within a Classification. A toll-free telephone number will provide information on current credited interest rates for new Deposit Period terms. The Contract Holder has the option to allocate Net Purchase Payment(s) and transfers into any or all of the available Deposit Period Terms. If no specific direction is given, Net Purchase Payment(s) and transfers will go into available Terms on a pro rata basis within the Classification(s) previously chosen by the Contract Holder. If there are no Terms available in the Long Term Classification previously chosen, such amounts will be allocated to the Term within the Short Term Classification with the longest period.
Guaranteed Term Classifications. The grouping of Terms according to their time to maturity. The following are the Classifications:
(1) Short-Term: Terms of up to and including 3 years; or
(2) Long-Term: Terms of greater than 3 years and up to and including 10 years. All amounts under Short-Term and Long-Term Classifications are made to a Nonunitized Separate Account. During a Deposit Period, the Company may make available one or more Terms within a Classification. Subject to the Company’s right to discontinue availability of the Terms of the GA Account for new allocations (see 1.14 above), you have the option to allocate Net Purchase Payment(s) and Transfers into any or all of the available Deposit Period Terms. If no specific direction is given, Net Purchase Payment(s) and Transfers will go into available Terms on a pro rata basis within the Classification(s) previously chosen by you. At least one Term in the Short-Term Classification will be available each Deposit Period.