Single Purchase definition
Examples of Single Purchase in a sentence
The Single Purchase Payment must be paid and received by Us before the Contract Date.
The Single Purchase Payment must be made payable to Us at Our Administrative Office or made payable to Us and delivered to one of Our financial professionals.
No subsequent Purchase Payment is permitted after the Single Purchase Payment.
GOOD ORDER -- The receipt by Us, at Our Administrative Office, of all information, documentation, instructions and/or Single Purchase Payment deemed necessary by Us, in Our sole discretion, to issue this Contract or execute any transaction pursuant to its terms.
This Contract is issued in consideration of the Single Purchase Payment approved by Us on or before the Contract Date.
The initial Contract Value is equal to the Single Purchase Payment shown on the Contract Specifications, less any deduction for Taxes.
Taxes may result on Our receipt of the Single Purchase Payment, when a Withdrawal or Surrender is made, this Contract is annuitized or a Death Benefit is paid.
ALLMERICA FINANCIAL LIFE INSURANCE AND ANNUITY COMPANY Home Office: Dover, Delaware Principal Office: ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Phone Number: ▇-▇▇▇-▇▇▇-▇▇▇▇ This is a legal contract between you and the Company and is issued in consideration of the Single Purchase Payment shown on the Specifications page.
The amount of the Single Purchase Payment is shown on the Contract Specifications.
If the age or the sex of the Annuitant has been misstated, the benefits in this Contract will be those which the Single Purchase Payment would have bought for the right age and sex.