PURCHASE PAYMENTS. [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]
PURCHASE PAYMENTS. Purchase Payments are payable according to the frequency and in the amount selected by you. The initial Purchase Payment is due on the Issue Date. We reserve the right to decline any Purchase Payment. The Minimum Subsequent Purchase Payment and the Maximum Total Purchase Payments allowed are shown on the Contract Schedule.
PURCHASE PAYMENTS means the amounts required to be paid by the Company pursuant to Section 3.3.
Examples of PURCHASE PAYMENTS in a sentence
Purchase payments under fixed deferred annuity contracts are allocated to our general account and interest is credited based on rates we determine, subject to specified guaranteed minimums.
Purchase payments made on a “before tax” basis entitle you to a tax deduction or are not subject to current income tax.
Purchase payments or contributions to IRAs or tax qualified retirement plans of an employer may be taken from current income on a before tax basis or after tax basis.
Purchase payments made on an “after tax” basis do not reduce your taxable income or give you a tax deduction.
More Definitions of PURCHASE PAYMENTS
PURCHASE PAYMENTS. The initial Purchase Payment is due on the Issue Date. The minimum and maximum subsequent Purchase Payments are shown on the Contract Schedule. The Company reserves the right to reject any forms required to issue the Contract or to reject any Purchase Payment.
PURCHASE PAYMENTS. The initial purchase payment is due on the contract date. The minimum subsequent purchase payments and maximum total purchase payments are shown on the contract data page. Subject to the minimum and maximum payments shown on the contract data page, you may increase or decrease or change the frequency of subsequent purchase payments. We reserve the right to reject any purchase payment.
PURCHASE PAYMENTS means payments on the actual
PURCHASE PAYMENTS. The initial Purchase Payment must be paid on the Contract Date. In general, subsequent Purchase Payments may be made at any time before the Annuity Date. However, no Purchase Payments may be made on or after the sole or older of the Owner's or Joint Owner's, or Annuitant's, 85th birthday, and we reserve the right to decline any Purchase Payment. The Minimum Subsequent Purchase Payment, Annual Purchase Payment Limits and Aggregate Purchase Payment Limit are shown on the Contract Data pages.
PURCHASE PAYMENTS. The dollar amount we receive in U.S. currency to buy the benefits this contract provides.
PURCHASE PAYMENTS. Amounts paid into this Contract by the Owner.
PURCHASE PAYMENTS. The initial Purchase Payment must be paid on the Contract Date. In general, subsequent Purchase Payments may be made at any time before the Annuity Date. However, no Purchase Payments may be made on or after the Owner's or Annuitant's 80th birthday. The Minimum Subsequent Purchase Payment, Annual Purchase Payment Limits and Aggregate Purchase Payment Limit are shown on the Contract Data pages.