Common use of ANNUITY OPTIONS Clause in Contracts

ANNUITY OPTIONS. ANNUITY OPTION - The Annuity Option you select may be on a fixed or variable basis, or a combination thereof. We may, at the time of election of an Annuity Option, offer more favorable rates in lieu of those here guaranteed. We may also make available other income options. OPTION 1 - LIFE INCOME. Annuity payments are paid during the life of an Annuitant ceasing with the last Annuity Payment due prior to the Annuitant's death. OPTION 2 - LIFE INCOME WITH 10 YEAR GUARANTEE. Annuity payments are paid during the life of an Annuitant, but at least for a 10 year minimum period.

Appears in 8 contracts

Samples: Variable Separate Account Nine, Aig Sunamerica Life Assurance Co, Variable Separate Account Nine

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.