MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid.
Appears in 6 contracts
Samples: United Companies Separate Account One, Lpla Separate Account One, Lpla Separate Account One
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments overpayment will be deducted from future Annuity Payments until the total is repaid.
Appears in 4 contracts
Samples: Great American Reserve Variable Annuity Account G, Great American Reserve Variable Annuity Account F, Great American Reserve Variable Annuity Account G
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY : A Certificate will not be contestable from the date of issue.
Appears in 2 contracts
Samples: Great American Reserve Insurance Co, Great American Reserve Variable Annuity Account G
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY: A Certificate will not be contestable after it has been in force for a period of two years from the Certificate Issue Date.
Appears in 2 contracts
Samples: United Companies Separate Account One, United Companies Separate Account One
MISSTATEMENT OF AGE. If the Age of the Annuitant, or the Age of any Annuitant designated second person, has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid.
Appears in 2 contracts
Samples: First Variable Annuity Fund E, First Variable Annuity Fund E
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY: This Contract will not be contestable from the date of issue.
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MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. Any underpayment or overpayment by the Company on account of misstatement of age, shall with an interest rate of 1% compounded annually, be charged/credited against the current or next succeeding payments to be made by the Company.
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MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments underpayment will be made up in one sum with the next Annuity Payment. Any overpayments overpayment will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY: This Contract will not be contestable from the date of issue.
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