Examples of Commuted Value in a sentence
If such designated individual or entity does not survive the Beneficiary, the Commuted Value of any remaining payments under this option shall be paid in one single sum to the Beneficiary’s estate.
If, at the death of the Annuitant, Annuity Payouts have been made for less than the time period selected, then the Beneficiary may elect to continue the remaining Annuity Payouts or receive the Commuted Value in one sum.
If you elect to take only some of the Commuted Value of the Annuity Payouts we would have made during the Period Certain, we will reduce the remaining Annuity Payouts during the remaining Period Certain.
The eligible Spouse can elect to continue the monthly payments or to receive the Commuted Value of the remaining payments.
The surviving Spouse can elect to continue the monthly payments or elect to receive the Commuted Value of the remaining payments.