HOW TO ELECT Clause Samples
HOW TO ELECT. The Request of the Owner is required to elect, or change the election of, a payout option and must be received by the Company at least 30 days prior to the Annuity Commencement Date. The annuity benefits at the time of their commencement will not be less than those that would be provided by the contract accumulation amount to purchase a single premium immediate annuity contract at purchase rates offered by the company at that time to the same class of annuitants. On the Annuity Commencement Date, the Investment Strategy Account Value or Annuity Account Value, pursuant to Section 9.08, may be applied to any of the variable annuity payout options currently available. If an option has not been elected within 30 days of the Annuity Commencement Date, the Investment Strategy Account Value or Annuity Account Value, pursuant to Section 9.08, will be applied under Variable Annuity Payout Option 1 to provide payouts for life with a guaranteed period of 15 years.
HOW TO ELECT. The Request of the Owner is required to elect, or change the election of, a payout option and must be received by the Company at least 30 days prior to the Annuity Commencement Date. The annuity benefits at the time of their commencement will not be less than those that would be provided by the contract accumulation amount to purchase a single premium immediate annuity contract at purchase rates offered by the company at that time to the same class of annuitants. ICC16-J100 14 On the Annuity Commencement Date, the Investment Strategy Account Value or Annuity Account Value, pursuant to Section 9.08, may be applied to any of the variable annuity payout options currently available. If an option has not been elected within 30 days of the Annuity Commencement Date, the Investment Strategy Account Value or Annuity Account Value, pursuant to Section 9.08, will be applied under Variable Annuity Payout Option 1 to provide payouts for life with a guaranteed period of 15 years.
HOW TO ELECT. The Request of the Owner is required to elect, or change the election of, a payment option and must be received by the Company at least 30 days prior to the Annuity Commencement Date. On the Annuity Commencement Date, the Surrender Value will be applied under the Annuity Payment Option elected by the Owner. Your annuity rates will not be less than those guaranteed in your Contract on the Effective Date. The amount of any income payout, on the Annuity Commencement Date, will never be less than that which would have been provided by applying the Surrender Value to purchase a single premium immediate annuity at the annuity rates then offered by the Company to the same class of annuitants. If an option has not been elected within 30 days of the Annuity Commencement Date, the Contract Value will be applied under Annuity Payment Option 3 in Section 10.03 to provide for payments for life with 10 years period certain.
HOW TO ELECT. The Request of the Owner is required to elect, or change the election of, a payout option and must be received by FGWL&A at least 30 days prior to the Annuity Commencement Date. The Annuity Commencement Date cannot be earlier than 13 months after the Effective Date of the Contract. On the Annuity Commencement Date, the Annuity Account Value may be applied to any of the variable annuity payout options currently available. If an option has not been elected within 30 days of the Annuity Commencement Date, the Annuity Account Value will be applied under Variable Annuity Payout Option 1 to provide payouts for life with a guaranteed period of 20 years.
HOW TO ELECT. The Request of the Owner is required to elect, or change the election of, a payment option and must be received by the Company at least 30 days prior to the Payment Commencement Date. At any time prior to the Payment Commencement Date, the Owner may Transfer between Fixed Sub-Account options, subject to the Transfer provisions of this Contract. On the Payment Commencement Date the Annuity Account Value may be applied only to any of the fixed annuity payment options available. If an option has not been elected within 30 days of the Payment Commencement Date, the Annuity Account Value will be applied under Fixed Annuity Payment Option 3 to provide payments for life with a guaranteed period of 20 years.