Guaranteed Income definition
Examples of Guaranteed Income in a sentence
We will make Guaranteed Income payments in accordance with the Income Plan shown on the Data Pages.
At any time that this Agreement is in effect, each currently effective registration statement and each currently effective post-effective amendment thereto filed with the SEC under the 1933 Act on Form S-1 or otherwise relating to the Guaranteed Income Edge including the Prospectus and financial statements incorporated into the Prospectus, and all exhibits to, such registration statement or post-effective amendment prepared by PHLVIC.
The Guaranteed Income Benefit Charge relates to the guaranteed lifetime withdrawal benefit provided under the Contract.
If the Participant elects single coverage, the Participant’s Guaranteed Income Rate shall equal the applicable percentage associated with: (i) the Participant’s age on the Lock-In Date, and (ii) the Participant’s election of single coverage.
Offers and sales of the Guaranteed Income Edge shall be made only by Contracted Broker-Dealers.