Common use of Misstatements Clause in Contracts

Misstatements. If the Age or sex of the Annuitant or Joint Annuitant has been misstated in this contract, any benefits payable will be adjusted to the amount that the Accumulation Value would have purchased based on the Annuitant’s or Joint Annuitant’s correct Age and sex. Any overpayment(s) and underpayment(s) made by us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at the effective annual rate of 6%.

Misstatements. If the Age or sex of the Annuitant or Joint Annuitant has been misstated in this contractmisstated, any benefits payable will be adjusted to the amount that the Accumulation Contract Value would have purchased based on the Annuitant’s 's or Joint Annuitant’s 's correct Age and sex. Any overpayment(s) and underpayment(s) made by us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at the effective annual rate of 6%required by the state where this contract is delivered.

Misstatements. SAMPLE If the Age or sex of the Annuitant or Joint Annuitant has been misstated in this contract, any benefits payable will be adjusted to the amount that the Accumulation Value would have purchased based on the Annuitant’s or Joint Annuitant’s correct Age and sex. Any overpayment(s) and underpayment(s) made by us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at the effective annual rate of 6%.

Misstatements. If the Age or sex of the Annuitant or Joint Annuitant has been misstated in this contractmisstated, any benefits payable will be adjusted to the amount that the Accumulation Contract Value would have purchased based on the Annuitant’s 's or Joint Annuitant’s 's correct Age and sex. Any overpayment(s) and underpayment(s) made by us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at the an effective annual rate of 66.00%.

Misstatements. If the Age or sex of the Annuitant or Joint Annuitant has been misstated in this contract, any benefits payable will be adjusted to the amount that the Accumulation Value would have purchased based on the Annuitant’s or Joint Annuitant’s correct Age and sex. Any overpayment(s) and underpayment(s) made by us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at the effective annual rate of 6%. The contract shall be incontestable from the Contract Issue Date.

Misstatements. If the Age or sex of the Annuitant or Joint Annuitant has been misstated in this contract, any benefits payable will be adjusted to the amount that the Accumulation Contract Value would have purchased based on the Annuitant’s or Joint Annuitant’s correct Age and sex, to the extent permitted by the jurisdiction in which this contract is issued. Any overpayment(s) and underpayment(s) made by us will be charged or credited against future payments to be made under the contract. We will charge interest on any overpayments and credit interest on any underpayments at the effective annual rate of 6%.