temporary annuity definition
temporary annuity means a monthly payment payable pursuant to paragraph 56(1)(d);
temporary annuity means the following for each Covered Life identified in the Annuity Exhibits as receiving a distribution of a “Temporary Annuity” Form. Prudential does not owe any payments to anyone under this Annuity Form if the Covered Life has died before the Annuity Commencement Date. During the Covered Life’s lifetime, Prudential will make monthly payments to the Covered Life equal to the Covered Life Amount. Prudential owes the first monthly payment on the Annuity Commencement Date, if the Covered Life is living. Prudential will pay subsequently monthly payments on the first day of each month. Payments end with the monthly payment payable on the earlier of the temporary annuity expiry date specified in the Annuity Exhibits and the first day of the month in which the Covered Life dies.
temporary annuity means the following for each Covered Life identified in the Annuity Exhibits as receiving a distribution of a “Temporary” Annuity Form.
More Definitions of temporary annuity
temporary annuity means a monthly payment payable pursuant ot paragraph 56(1)(d);