Examples of Minimum Payment Period in a sentence
If a Minimum Payment Period is selected and no Spousal Lifetime Income is selected, the Lifetime Income Period will be for the policy owner’s life.
Please indicate what institution(s) must grant approval for line ministers to re-allocate funds in their budget envelopeSelect one in each row.
In the event that the policy owner’s Spouse dies before the policy owner, the policy owner’s nominated beneficiary(ies) will receive the Lifetime Income for any remainder of the Minimum Payment Period.
If no Minimum Payment Period or Spousal Lifetime Income is selected, the Lifetime Income Period is for the policy owner’s life.
If the policy owner dies before the end of the Minimum Payment Period the Lifetime Income for the remainder of the Minimum Payment Period will be capitalised and credited to the Direct Investment.
Whether there was clear and convincing evidence that terminating Appellant’s rights [was] in the best interest of the child.Ms. Stinson raises the following issues for review as stated in her brief:I.
If a Minimum Payment Period and a Spousal Lifetime Income is selected, the Lifetime Income Period will be for the policy owner’s life, and for the Minimum Payment Period.
The Investor’s nominated spouse will receive the full Lifetime Income until the end of the Minimum Payment Period, and thereafter the Spousal Lifetime Income for the remainder of his/her life.
In the event that a Minimum Payment Period has been elected, then the policy owner’s full income will continue to be paid for Minimum Payment Period and the first payment of the Spouse’s Lifetime Income will commence in the month following the end of the Minimum Payment Period.
It will extend to the policy owner’s surviving Spouse (who will receive the Lifetime Income for the remainder of the Minimum Payment Period) and the Spouse’s Lifetime Income for the rest of his/her life.