ANNUITY DATE definition
ANNUITY DATE. The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.
ANNUITY DATE. The Annuity Date is selected by the Owner at the Issue Date. The Annuity Date is shown on the Contract Schedule. The Annuity Date must be the first day of a calendar month and must be at least 4 years after the Issue Date. The Annuity Date may not be later than that required under state law. Prior to the Annuity Date, the Owner, subject to the above, may change the Annuity Date by Written Request. Any change must be requested at least fifteen (15) days prior to the new Annuity Date.
ANNUITY DATE. (“Annuity Start Date”) — The date shown in the Contract Specifications, or the date you later elect, if any, for the start of annuity payments if the Annuitant is still living and the Contract is in force; or if earlier, the date that annuity payments actually begin. Annuity Options — Income options available for a series of payments after the Annuity Date. Beneficiary — The person you name who may receive any death benefit proceeds or any remaining annuity benefits in accordance with the provisions of this Contract. Business Day — Any day on which the value of an amount invested in a Subaccount is required to be determined by applicable law which currently includes each day that both the New York Stock Exchange is open for trading and our administrative offices are open. If any transaction or event under this Contract is scheduled to occur on a day that does not exist in a given calendar period, or on a day that is not a Business Day, such transaction or event will be deemed to occur on the next following Business Day, unless otherwise stated. Calendar Year — A one-year period beginning January 1 and ending December 31. Code — The Internal Revenue Code of 1986, as amended. Contingent Annuitant — The person, if any, you select to become the Annuitant if the Annuitant dies before the Annuity Date. You may add or change the Contingent Annuitant prior to the Annuity Date provided the Contingent Annuitant is not the sole surviving Annuitant. Any Contingent Annuitant you name must not be older than the Maximum Owner(s) and/or Annuitant(s) Age as shown in the Contract Specifications as of the Contract Date. If you add or change a Contingent Annuitant after the Contract is issued, any newly-named or added Contingent Annuitant must not be older than the Maximum Owner(s) and/or Annuitant(s) Age as shown in the Contract Specifications at the time of such change or addition. If the Contract is owned by a Non-Natural Owner or if the Contract has a Joint Owner, you may not designate a Contingent Annuitant. Contingent Beneficiary — A person, if any, you select to become the Beneficiary if the Beneficiary predeceases the Owner (or Annuitant, in the case of a Non-Natural Owner). Contract Anniversary — The same date, in each subsequent year, as the Contract Date. Contract Date — The date we issued this Contract, as shown in the Contract Specifications. Contract Years, Contract Anniversaries, Contract Semiannual Periods, Contract Quarters and Contract Months are measured fr...
Examples of ANNUITY DATE in a sentence
If the Annuitant is not the Owner and dies on or after the Annuity Date, then we will continue paying any remaining Annuity Payments to the Payee designated by the Owner.
The period beginning on the Contract Date shown on your Contract data page and ending on the Annuity Date.
For a Contract owned by a non-natural Owner, upon the death of the Annuitant before the Annuity Date, the death benefit is payable to the following: •surviving primary Beneficiary(ies); or if none, then •surviving contingent Beneficiary(ies); or if none, then •the non-natural Owner.
During the Income Phase, the Payee (you or someone you choose) receives monthly, quarterly, semi-annual or annual Annuity Payments beginning on the Annuity Date.
DEATH OF OWNER Prior To The Annuity Date If any Owner dies before the Annuity Date, we will pay the Death Benefit to the: •surviving Owner; or if none, then •surviving primary Beneficiary(ies); or if none, then •surviving contingent Beneficiary(ies); or if none, then •the estate of the last Owner to die.
More Definitions of ANNUITY DATE
ANNUITY DATE. The date the first Annuity or Settlement Payment to the Payee is due. The Annuity Date is shown on the original Contract Data pages. You must have our permission to change the Annuity Date. The maximum annuity age is age 90. If there is a new Annuitant due to the death of the Annuitant, and the new Annuitant is older than the prior Annuitant, the Annuity Date will be based on the age of the new Annuitant; however any such changed Annuity Date must be at least one year after the Contract Date, must be earlier than the date shown on the Contract Data pages, cannot be later than the Contract Anniversary next following the new Annuitant's 90th birthday and must be consistent with applicable law at the time. ANNUITY OR SETTLEMENT PAYMENTS: The series of payments made to you or any named payee after the Annuity Date as described under the Annuity or Settlement Option selected. ANNUITY PERIOD: The period of time, beginning on the Annuity Date, during which Annuity or Settlement Payments are made.
ANNUITY DATE. The date on which we apply your Account Value to the applicable annuity payout option and begin the Payout Period.
ANNUITY DATE. The date when annuity payments begin. This is shown on the contract data page.
ANNUITY DATE. The date on which Annuity payments begin under an Annuity option elected by the Certificate Holder. (see 4.01) The Annuity Date is shown on Contract Schedule I. The Certificate Holder may change this date by notifying Aetna at least 30 days prior to the Annuity Date.
ANNUITY DATE means the date on which annuity payments begin. It is shown in the policy schedule pages.
ANNUITY DATE. The date as of which the Contract Value, less any applicable premium tax, is applied to an Annuity Option.
ANNUITY DATE means the date when the policy value will be applied under Payment Option 1, unless you have elected to receive a lump sum payment of the cash surrender value. The Annuity Date is shown in the Policy Details unless later changed.