SPOUSAL BENEFICIARY. The original deceased Owner's surviving spouse who is designated as the primary Beneficiary at the time of the Owner's death and may continue the Contract as the Owner on the Continuation Date. SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the initial Purchase Payment. UNDERLYING FUND The underlying investment portfolios in which the Variable Portfolio(s) invest. VARIABLE ANNUITIZATION A series of periodic annuity income payments which vary in amount according to the investment experience of one or more Variable Portfolios, as selected by You. Such payments are made from the Company's Separate Account. This Contract provides several variable annuity income payment options. VARIABLE PORTFOLIO One or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and is invested in the Underlying Fund(s). A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. WE, OUR, US, THE COMPANY First SunAmerica Life Insurance Company. WITHDRAWAL(S) Amount(s) withdrawn from the Contract Value including any charges and fees applicable to each such Withdrawal.
SPOUSAL BENEFICIARY. The original deceased Owner's surviving spouse who is designated as the primary Beneficiary at the time of the Owner's death and may continue the Contract as the Owner on the Continuation Date. SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the initial Purchase Payment. TOTAL INVESTED AMOUNT The sum of all Purchase Payments less amounts previously withdrawn that incurred a Withdrawal Charge, less Purchase Payments withdrawn that were no longer subject to a Withdrawal Charge.
SPOUSAL BENEFICIARY. If the Participant dies B[before his or her Guaranteed Withdrawal Lock-In Date, or after his or her Guaranteed Withdrawal Lock-In Date, but without having elected the Spousal Benefit, ] and if the Spouse is the Participant’s beneficiary under the terms of the Plan on the date of the Participant’s death, then, subject to the terms of the Plan and the Code, the amounts invested in Eligible Investments for the behalf of such surviving Spouse may remain invested in one or more Eligible Investments subject to the following. All of Our guarantees under this Rider for the benefit of the Participant immediately shall expire with no value and the A&B[Roll-Up Value and] B[Highest Birthday Value] shall be reset to zero. The value of any amounts currently invested in Eligible Investments for the benefit of the surviving Spouse, in accordance with the documents governing such Eligible Investments shall be deemed a new Deposit to such Eligible Investments for the benefit of the surviving Spouse, creating a new Start Date. On this new Start Date, the Income Base shall be reset to equal the then current Guaranteed Withdrawal Market Value. Thereafter, for purposes of this Rider only, the Spouse shall have the rights of a “Participant” and the Spouse’s date of birth shall be used to determine the Birthday. Any amounts remaining in the Plan following the death of the Participant must be distributed in accordance with the terms of the Plan and the Code. Where the Spouse is the Participant’s civil union, provisions of the Code or the Plan may prevent the Spouse from remaining in the Plan or may affect the form and timing of distributions from the Plan. GA-2020-TGWB-REG-2014
SPOUSAL BENEFICIARY. If the Employee’s sole Beneficiary is the Employee’s surviving spouse, withdrawals must be made in accordance with subsection (b)(i) above, except that withdrawals are not required to be made by the Beneficiary until the end of the calendar year following the year of the Employee’s death or the end of the calendar year in which the Employee would have attained age 70 ½ (had the Employee survived), whichever is later. In addition, the amount to be distributed for any distribution calendar year of the Beneficiary is the balance in the Account as of the end of the preceding calendar year divided by the Beneficiary’s life expectancy determined based upon the Beneficiary’s age at his or her birthday during such distribution calendar year. If the Beneficiary dies before the date that required minimum distributions to the Beneficiary must begin, the rules in subsection (i) above will be applied as if the Beneficiary were the Employee. If the Beneficiary dies after required minimum distributions to the Beneficiary have begun, then required minimum distributions must continue over a period equal to the remaining life expectancy of the Beneficiary determined as of his or her age on her birthday in the year of his or her death.
SPOUSAL BENEFICIARY. If the employee’s sole Beneficiary is the employee’s surviving spouse, withdrawals will be made in accordance with subsection (c)(ii) above, except that the amount to be distributed for any distribution calendar year of the Beneficiary is the balance in the Account as of the end of the preceding calendar year divided by the Beneficiary’s life expectancy determined based upon the Beneficiary’s age at his or her birthday during such distribution calendar year. If the Beneficiary dies before the distribution of the entire Account, then required minimum distributions must continue over a period equal to the remaining life expectancy of the Beneficiary determined as of his or her age on her birthday in the year of his or her death.
SPOUSAL BENEFICIARY. If the Employee’s sole Beneficiary is the Employee’s surviving spouse, then the Beneficiary may elect to roll the Employee’s Account into an IRA in the spouse’s own name. Alternatively, the Beneficiary may take withdrawals in accordance with subsection (b)(i) above pertaining to an eligible designated beneficiary, except that withdrawals are not required to be made by the Beneficiary until the end of the calendar year following the year of the Employee’s death or the end of the calendar year in which the Employee would have attained age 72 (or age 70½ if Employee attained 70 ½ prior to January 1, 2020), (had the Employee survived), whichever is later. In addition, the amount to be distributed for any distribution calendar year of the Beneficiary is the balance in the Account as of the end of the preceding calendar year divided by the Beneficiary’s life expectancy determined based upon the Beneficiary’s age at his or her birthday during such distribution calendar year. If the Beneficiary dies before the date that required minimum distributions to the Beneficiary must begin, the rules in subsection (i) above will be applied as if the Beneficiary were the Employee. If the Beneficiary dies after required minimum distributions to the Beneficiary have begun, then required minimum distributions must continue over a period equal to the remaining life expectancy of the Beneficiary determined as of his or her age on her birthday in the year of his or her death.
SPOUSAL BENEFICIARY. If the Employee’s sole Beneficiary is the Employee’s surviving spouse, then the Beneficiary may elect to roll the Employee’s Account into an IRA in the spouse’s own name. Alternatively the Beneficiary may elect to take withdrawals will in accordance with subsection (c)(ii) above, except that the amount to be distributed for any distribution calendar year of the Beneficiary is the balance in the Account as of the end of the preceding calendar year divided by the Beneficiary’s life expectancy determined based upon the Beneficiary’s age at his or her birthday during such distribution calendar year. If the Beneficiary dies before the distribution of the entire Account, then required minimum distributions must continue over a period equal to the remaining life expectancy of the Beneficiary determined as of his or her age on her birthday in the year of his or her death.
SPOUSAL BENEFICIARY. If this option is elected, no death benefit is paid out to the Spousal Beneficiary on the Continuation Date; or
SPOUSAL BENEFICIARY. The deceased original Owner’s surviving spouse who is designated as the primary Beneficiary and may continue the Contract as the Owner on the Continuation Date. SUBACCOUNT (“VARIABLE PORTFOLIO”) One or more divisions of the Separate Account, which provides for the variable investment options available under this Contract. Each Subaccount has its own investment objective and is invested in an Underlying Fund of the trusts. A Subaccount is not chargeable with liabilities arising out of any other Subaccount. The available Subaccounts are shown on page 4. Additional Subaccounts may become available in the future. SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made subsequent to the Initial Purchase Payment. TOTAL INVESTED AMOUNT The sum of all Purchase Payments less amounts previously withdrawn that incurred a Withdrawal Charge, less Purchase Payments withdrawn that were no longer subject to a Withdrawal Charge.
SPOUSAL BENEFICIARY. The Spousal Beneficiary is the surviving spouse of the original deceased Owner. The Spousal Beneficiary is designated as the primary Beneficiary at the time of the Owner’s death and may continue the Contract as the Owner on the Continuation Date. SUBSEQUENT PURCHASE PAYMENTS Subsequent Purchase Payments are Purchase Payments made after the initial Purchase Payment. UNDERLYING FUND The Underlying Fund is an investment option in which the Variable Portfolio(s) invest. VARIABLE PORTFOLIO A Variable Portfolio is one or more divisions of the Separate Account which provides for the variable investment options available under this Contract. Each Variable Portfolio has its own investment objective and invests in Underlying Fund(s). A Variable Portfolio is not chargeable with liabilities arising out of any other Variable Portfolio. WE, OUR, US, THE COMPANY We, Our, Us, The Company refers to The United States Life Insurance Company in the City of New York. WITHDRAWAL(S) Withdrawals are any amount(s) withdrawn by the Owner from the Contract Value, including any charges that include but are not limited to Withdrawal Charges, applicable to each such Withdrawal. WRITTEN, IN WRITING Written or In Writing refers to a written request or notice in acceptable form and content to Us, which is signed and dated and is received at Our Annuity Service Center. YOU, YOUR You, Your refers to the Owner. US-803 (5/17) 7 PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible. This means that, subject to the PURCHASE PAYMENT PROVISIONS set forth and as referenced on the Contract Data Page, You may change the amounts, frequency and/or timing of Purchase Payments. Unless otherwise referenced on the Contract Data Page, Purchase Payments can be made at any time after the Contract Date, but must be received at Our Annuity Service Center before the Purchase Payment Age Limit, as shown on the Contract Data Page. In accordance with Your instructions, Purchase Payments will be allocated to one or more of the available Variable Portfolio(s) and/or Fixed Account Option(s). Unless You instruct otherwise, We will apply all Subsequent Purchase Payments in accordance with Your allocation instructions on file. We reserve the right to limit the dollar amount of any Purchase Payment when the aggregate amount of all Purchase Payments is equal to or greater than the Maximum Purchase Payment Without Our Approval shown on the Contract Data Page. We may also limit the Minimum Subsequent ...
