Examples of Annuity Benefit in a sentence
The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments.
However, no such change will apply to (a) any Annuity Benefit provided before the change or (b) Contributions made before such change which are applied to provide an Annuity Benefit.
If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided.
We will have the right to require you to furnish any information we need to provide an Annuity Benefit.
We reserve the right to deduct from the amount applied to provide an Annuity Benefit a charge that we determine which is designed to approximate certain taxes that may be imposed on us, including but not limited to premium taxes which may apply in your state.