Annuity Benefits definition

Annuity Benefits or any other annuity form that we offer will be subject to a market value adjustment. A negative market value adjustment will not be imposed on a death benefit. No transfers are permitted to a Fixed Maturity Option from any Investment Option after the initial Contribution or transfer into such Fixed Maturity Option.

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Annuity Benefits. If the tax is imposed at a time other than when amounts are applied to an Annuity Benefit, we reserve the right to deduct the charge from Contributions in the section "Contributions" or withdrawals in the section "General Withdrawals".

Annuity Benefits are subject to the "Restrictions on Distributions under the Code" described in this Section. Any distributions or payments under this Contract are also subject to any restrictions of the Employer's Plan.

Examples of Annuity Benefits in a sentence

The Annuitant is the measuring life of the Annuity Benefits provided under this Contract.
The variable Annuity Benefits under this Contract are provided through investments which may be made in our Separate Accounts.
You have the rights and options described in this Contract, including but not limited to the right to receive the Annuity Benefits on the Annuity Commencement Date.
Before we pay any Annuity Benefits, we require the return of this Contract.
Benefit Payments, referred to in this Agreement, means the Reinsurer's quota share of: a) Claims, as described in Paragraph 2 below, b) Cash Surrenders, as described in Paragraph 3 below, c) Partial Withdrawals, as described in Paragraph 4 below, and d) Annuity Benefits, as described in Paragraph 5 below.
The Reinsurer's obligation for Annuity Benefits ---------------- paid by the Ceding Company on annuities reinsured hereunder will be satisfied in full by the payment to the Ceding Company of that portion of the Account Value, as of the date of annuitization, which corresponds to the portion of the annuities reinsured hereunder.
GA-IA-1043-01/98 8 HOW WE MEASURE THE CONTRACT'S ACCUMULATION VALUE ------------------------------------------------------------------------- The variable Annuity Benefits under this Contract are provided through investments which may be made in our Separate Accounts.
FG-IA-1000-12/95 6 How We Measure the Contract's Accumulation Value ------------------------------------------------------------------------------ The variable Annuity Benefits under this Contract are provided through investments which may be made in our Separate Accounts.
The Reinsurer will pay the Ceding Company that portion of Annuity Benefits paid by the Ceding Company on annuities reinsured hereunder which corresponds to the portion of the annuities reinsured hereunder.
In the event that any Covered Life, Contingent Life or Beneficiary contacts the Company or any of its Affiliates or representatives with questions related to the Group Annuity Contract or the Annuity Certificates, the Company or its Affiliates or representatives, as applicable, may refer such person to the Annuity Benefits Correspondence Center.

More Definitions of Annuity Benefits

Annuity Benefits which is either a life-contingent annuity or paying substantially equal periodic payments for a period of ten years or more, the direct rollover option does not apply to those funds.

Annuity Benefits or any other annuity form offered by Equitable, will be subject to a MVA. The death benefit will be the larger of (a) the Annuity Account Value in Separate Account No. [48] and (b) the Fixed Maturity Amount. That is, a negative MVA will not apply. No transfers are permitted to an FMO from any Investment Option after the initial Contribution or transfer into such FMO. The minimum amount that may be transferred from an FMO after the initial allocation is [$300] or the Fixed Maturity Amount, if less.

Annuity Benefits are subject to the restrictions described in this section. We reserve the right to require proof acceptable to us that a request for payment under any of those sections is permissible under either the Plan before processing the requested transaction. Except as otherwise permitted under Section 457 of the Code and in accordance with the terms of the Plan, amounts will not be paid to Plan Participants or their Beneficiaries earlier than (i) the calendar year in which the Plan Participant attains age 70 1/2 (ii) when the Plan participant has a severance from employment with the Employer or (iii) when the Plan Participant is faced with an unforeseeable emergency (within the meaning of applicable federal income tax Regulations). We reserve the right to limit transfers of Cash Value, up to the amount of any Loan Reserve Account under this Contract, to another funding vehicle under the Employer's Plan or to another Governmental Employer Plan, while there is a loan outstanding as described in the section "Plan Loans".

Annuity Benefits amounts paid by Anchor on annuitization under an ----------------- Annuity.