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.