Single Life Annuity definition

Single Life Annuity means an annuity providing equal monthly payments for the lifetime of the Member with no survivor benefits.

Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

Single Life Annuity means an annuity payable for the life of a Participant.

Examples of Single Life Annuity in a sentence

• Payments will be made monthly to the ALTERNATE PAYEE for the life of the ALTERNATE PAYEE with a period certain of 60 payments, as described in the PLAN under the Single Life Annuity with 60 Month Guarantee option.

• The following income options are available: A Single Life Annuity.

• The monthly payment hereunder shall be in the form of a Single Life Annuity if the Participant has no Eligible Spouse and in the form of a 50% Qualified Joint and Survivor Annuity if the Participant has an Eligible Spouse.

• All forms of payment under this Schedule shall be Actuarially Equivalent to the benefit payable as a Single Life Annuity.

• If the Participant is not married when benefit payments are to begin, the Participant's benefit shall be paid as a Single Life Annuity, unless the Participant waives that form and properly elects another available form of payment.

More Definitions of Single Life Annuity

Single Life Annuity means a benefit payable monthly during the Participant’s lifetime, commencing as of his Benefit Calculation Date and ending with the payment due on the first day of the calendar month in which the Participant’s death occurs.

Single Life Annuity means a monthly retirement benefit payable for the lifetime of the Participant, with no continuing payments following the Participant’s death.

Single Life Annuity means a Participant’s Plan Benefit payable in monthly installments over the life of the Participant, commencing as of the Payment Date and ending with the payment due for the month in which the Participant dies, with no further payments on his behalf after his death.

Single Life Annuity means an annuity (i.e., a form of benefit without life insurance which provides for equal payments at regular installments over more than a one year period) payable as follows. Monthly payments are made to a Participant for his life and end with the last payment due for the calendar month in which the date of the Participant’s death occurs. The monthly amount of a Single Life Annuity is determined under the provisions of Subsection 7.2.1 below and certain other provisions of the Plan.

Single Life Annuity means an annuity payable as follows. Equal monthly payments are made to a Participant’s beneficiary for the beneficiary’s life and end with the payment due for the month in which the beneficiary dies.

Single Life Annuity means, with respect to a Participant, a form of payment under which the benefit is paid in monthly installments commencing as set forth in Section 4.1 and continuing for the lifetime of the Participant.

Single Life Annuity means an annuity payable for the life of an individual, with no payments after the death of such individual.