JOINT AND SURVIVOR LIFE INCOME Sample Clauses

JOINT AND SURVIVOR LIFE INCOME. We will pay an income during the lifetime of two persons, and continuing until the death of the survivor. This option includes a minimum guaranteed period of 10 years. Payments will be in an amount we determine, but not less than shown in the Option E table. On request, we will furnish minimum income information for age combinations not shown in the table. If both persons die before the end of the minimum guaranteed period, the remaining payments will be paid to the beneficiary named under your Benefit Option.
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JOINT AND SURVIVOR LIFE INCOME. The Company will make monthly payments for a 10-year period certain and thereafter during the joint lifetime of the two individuals upon whose lives income payments are based and continuing during the remaining lifetime of the survivor.
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JOINT AND SURVIVOR LIFE INCOME. Equal payments will be made for the longer of the lives of two named payees. In other words, when one payee dies, the same payment continues to be paid for the remainder of the surviving payee's life. We will furnish values for other age combinations (than those shown in Option 5 Table-located on the policy data page) upon request.
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JOINT AND SURVIVOR LIFE INCOME. (Option E). Payments are based on the lives of two persons. Level payments will be made for a period of 10 years and, after that, for as long as one or both of the persons are living.
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JOINT AND SURVIVOR LIFE INCOME. A guaranteed income for as long as both annuitants live. When either annuitant dies, payments will continue at 50 percent, 662/3 percent, 75 percent or 100 percent of the payments received when both were living. Payments will cease upon death of both annuitants.
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JOINT AND SURVIVOR LIFE INCOME. If a Fixed Annuity is selected under this option, the Company guarantees periodic payments as long as the Annuitant or the Joint Annuitant is alive. If monthly payments are selected, they are made at the value shown in Table 2. If a Variable Annuity is selected under this option, periodic payments are designed to continue as long as the Annuitant or the Joint Annuitant is alive, but because of the inherent risk of a market based investment are not guaranteed to continue for their lives. If monthly payments are selected, the first payment is made at the values shown in Table 2. Subsequent Variable Annuity payments are variable in dollar amount. If one of the joint annuitants dies before the Annuity Date the election of this option is revoked. The surviving Annuitant may elect to receive any one or more of the other Distribution Options available under the contract.
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JOINT AND SURVIVOR LIFE INCOME. We will make monthly payments for as long as either the annui-tant or any joint annuitant named by you lives. No income payments will be made after the deaths of both the annuitant and the joint annuitant.
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JOINT AND SURVIVOR LIFE INCOME. The Com- pany will make monthly payments for a 10-year certain period, and after that as long as one or both individuals, upon whose lives income payments are based, is alive. The Company may offer additional payment plans. The following shall apply to Life Income Plans:
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Related to JOINT AND SURVIVOR LIFE INCOME

  • JOINT AND SURVIVOR ANNUITY The Advisory Committee must direct the Trustee to distribute a married or unmarried Participant's Nonforfeitable Accrued Benefit in the form of a qualified joint and survivor annuity, unless the Participant makes a valid waiver election (described in Section 6.05) within the 90 day period ending on the annuity starting date. If, as of the annuity starting date, the Participant is married, a qualified joint and survivor annuity is an immediate annuity which is purchasable with the Participant's Nonforfeitable Accrued Benefit and which provides a life annuity for the Participant and a survivor annuity payable for the remaining life of the Participant's surviving spouse equal to 50% of the amount of the annuity payable during the life of the Participant. If, as of the annuity starting date, the Participant is not married, a qualified joint and survivor annuity is an immediate life annuity for the Participant which is purchasable with the Participant's Nonforfeitable Accrued Benefit. On or before the annuity starting date, the Advisory Committee, without Participant or spousal consent, must direct the Trustee to pay the Participant's Nonforfeitable Accrued Benefit in a lump sum, in lieu of a qualified joint and survivor annuity, in accordance with Section 6.01, if the Participant's Nonforfeitable Accrued Benefit is not greater than $3,500. This Section 6.04(A) applies only to a Participant who has completed at least one Hour of Service with the Employer after August 22, 1984.

  • Qualified Joint and Survivor Annuity An immediate annuity for the life of the Participant with a survivor annuity for the life of the spouse which is not less than 50% and not more than 100% of the amount of the annuity which is payable during the joint lives of the Participant and the spouse and which is the amount of benefit which can be purchased with the Participant's vested account balance. The percentage of the survivor annuity under the Plan shall be 50% (unless a different percentage is elected by the Employer in the Adoption Agreement).

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Survivors Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Life Annuity The monthly annuity shall be payable to the annuitant for as long as the annuitant lives, and shall end with the last monthly payment before the death of the annuitant.

  • Domestic Partners; Spouses; Gender Discrimination If the Contract Amount is $100,000 or more, Contractor certifies that it is in compliance with PCC 10295.3, which places limitations on contracts with contractors who discriminate in the provision of benefits regarding marital or domestic partner status.

  • Surviving Spouse The term "Surviving Spouse" shall mean the person, if any, who shall be legally married to the Executive on the date of the Executive's death.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

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