Common use of MISSTATEMENT OF AGE Clause in Contracts

MISSTATEMENT OF AGE. If the age of any Payee has been misstated, future payments will be adjusted using the correct age, according to our rates in effect on the date the annuity payments were determined. Any overpayment from the Fixed Account, plus interest at the rate of 4% per year, will be deducted from the next payment(s) due. Any underpayment from the Fixed Account, plus interest at the rate of 4% per year, will be paid in full with the next payment due. Any overpayment from the Variable Account will be deducted from the next payment(s) due. Any underpayment from the Variable Account will be paid in full with the next payment."

MISSTATEMENT OF AGE. If the age of any Payee has been misstated, future payments will be adjusted using the correct age, according to our rates in effect on the date the annuity payments were determined. Any overpayment overpayments from the Fixed Account, plus interest at the rate of 4% per year, will be deducted from the next payment(s) due. Any underpayment from the Fixed Account, plus interest at the rate of 4% per year, will be paid in full with the next payment due. Any overpayment from the Variable Account will be deducted from the next payment(spayments(s) due. Any underpayment from the Variable Account will be paid in full with the next payment."