Installment Option Sample Clauses

Installment Option. In the event that the Participant dies prior to the commencement of benefits, distribution of the Participant’s Account shall be paid to his Beneficiary (or upon the Beneficiary’s death to the Participant’s estate) the over five years in the form of 60 equal monthly payments determined in the same manner as described under Subsection 6(a). Such death benefit shall continue to the Participant’s Beneficiary (or upon the Beneficiary’s death to the Participant’s estate) beginning on the first day of the month following the Participant’s death and continuing until the remaining balance of the 60 monthly payments is made.

Installment Option. You can elect to receive payments for any number of years between 10 and 30. The income payments are guaranteed for the chosen number of years.

Installment Option. We will pay monthly income payments for a chosen number of years, not less than 10, nor more than 30. If the annuitant dies before income payments have been made for the chosen number of years: (a) income payments will be continued for the remainder of the period to the payee; or (b) the present value of the remaining income payments, computed at the interest rate used to create the Option 1 rates, will be paid to the payee or to the owner if there is no surviving payee. OPTION 2 - LIFE INCOME OPTION - GUARANTEED PERIOD CERTAIN. We will pay monthly income payments for as long as the annuitant lives. If the annuitant dies before all of the income payments have been made for the guaranteed period certain: (a) income payments will be continued during the remainder of the guaranteed period certain to the payee; or (b) the present value of the remaining income payments, computed at the interest rate used to create the Option 2 rates, will be paid to the payee or to the owner if there is no surviving payee. The guaranteed period certain choices are: a.) 0 years (life income only); b.) 5 years; c.) 10 years; d.) 15 years; or e.) 20 years. OPTION 3 - JOINT AND SURVIVOR LIFE INCOME OPTION - 10 YEAR GUARANTEED PERIOD CERTAIN. We will pay monthly income payments for as long as either of the annuitants is living. If at the death of the second surviving annuitant, income payments have been made for less than 10 years: (a) income payments will be continued during the remainder of the guaranteed period certain to the payee; or (b) the present value of the remaining income payments, computed at the interest rate used to create the Option 3 rates, will be paid to the payee or to the owner if there is no surviving payee.

Installment Option. The Parties in this note (the Lender and the Borrower) may have decided that the repayment of this loan should be made across two or more installment payments that are each equal in value. If so, then select the “Installments” statement from Section Three. Once chosen, the first blank line should be supplied with the dollar amount each installment payment should consist of while the next two spaces should be used to display the date when the first installment payment will be due from the Borrower. To Complete Item 11 Choose Item 12 Or Item 13 Or Item 14 (12) Weekly Installments. If a “Weekly” payment schedule will be followed by the Borrower, then the mark the checkbox labeled “Weekly” and supply when the date when the final loan payment required will be expected.

Installment Option