Age and Sex. If the age or sex, if applicable, of the Annuitant has been misstated, we will adjust any benefit payable under this contract, based on the correct age and sex. Any overpayments we make because of such misstatement, with interest at 6% a year, compounded annually, will be charged against benefits falling due after the adjustment. If we make any underpayment because of such misstatement, we will pay the balance immediately, with 6% interest, compounded annually.
Appears in 3 contracts
Samples: Guardian Separate Account R, Guardian Separate Account R, Guardian Separate Account R
Age and Sex. If the Annuitant's age or sexor, if applicable, of the Annuitant sex has been misstated, we any benefits will adjust any benefit payable under this contract, be such as the Contract would have provided if the first payment amount had been based on the correct age and sex. Any overpayments we make because of such misstatement, or underpayments made by us will be charged or credited with interest at [6% a per year, compounded annually, will be charged against ] (or such other rate which applies under our rules at any time) to benefits falling due after the adjustment. If we make any underpayment because of such misstatement, we will pay the balance immediately, with 6% interest, compounded annuallythereafter.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us
