Years Certain. We will make payments for 10 years and after that during the lifetime of the Annuitant. No payments are due after the death of the Annuitant or, if later, the end of the 10-year period certain.
Years Certain. We will make level payments for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the fixed period elected, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sum.
Years Certain. We will make payments for 5 years and after that during the lifetime of the annuitant. No payments are due after the death of the annuitant or, if later, the end of the 5-year period certain.
Years Certain. We will make annuity payments for five years and after that during the lifetime of the Annuitant. No payments are due after the death of the Annuitant or, if later, the end of the 5-year period certain.
Years Certain. If you choose to start the Annuity Option after age 79, the guaranteed Years Certain component of the Annuity Option is reduced as follows: Age at Application to Guarantee/ the Annuity Option Years Certain Period -------------------------------------------------- 80 9 -------------------------------------------------- 81 8 -------------------------------------------------- 82 7 -------------------------------------------------- 83 6 -------------------------------------------------- 84 and 85 5 --------------------------------------------------
Years Certain. Payments will be made for the longer of the Annuitant’s lifetime or ten years In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary. Option 3–VU) is not available for Adjusted Age(s) greater than 85. Option 5–V – Joint and Survivor Annuity: Payments are made as long as either the Annuitant or the joint Annuitant is living.
Years Certain. We will make payments for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sum. For this option, present values would be determined using only an interest rate component, but not using a mortality component. Variable Income Option 3-V(a) is not available for adjusted age(s) greater than 85. SECTION 9 – CONTINUED
Years Certain. We will make payments for 5 years and after that during the lifetime of the Annuitant. No payments are due after the death of the Annuitant or, if later, the end of the 5-year period certain. In the event that payments under the Settlement Options are the same for different periods certain than the longest period certain with the payment amount will be deemed to have been chosen. If no Settlement Option has been chosen, the 5-Years Certain Option will be applied by default.
Years Certain. Payments will be made for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary. Variable Income Option 3–V(a) is not available for adjusted age(s) greater than 85. SECTION 10 – CONTINUED Variable Income Option 5 - V – Joint and Survivor Annuity Payments are made as long as either the annuitant or the joint annuitant is living. Variable Income Option 5–V is not available for annuitant adjusted age(s) greater than 85.
Years Certain. In the event of a redemption or purchase of the stock of a Stockholder a down payment shall be made at closing in the amount of ten (10%) percent of the purchase price. The balance of the redemption or purchase price shall be paid starting one month thereafter in equal monthly payments including interest at the rate of ten (10%) percent per annum on the unpaid balance over ten (10) years. Interest shall commence thirty (30) days after the Corporation or the remaining Stockholders close on the purchase of the stock of the selling Stockholder.
