Common use of DESCRIPTION OF PAYMENT PLANS Clause in Contracts

DESCRIPTION OF PAYMENT PLANS. Installment Income For Specified Period (Option B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 5 to 30 years. Life Income Plans • Single Life Income (Option C). The Company will make monthly payments for the selected certain period, if any, and thereafter during the remaining lifetime of the individual upon whose life income payments depend. The selections available are: (a) no certain period; or (b) a certain period of 10 or 20 years.

DESCRIPTION OF PAYMENT PLANS. Installment Income For for Specified Period (Option B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 10 to 30 years during the first five contract years and over a specified period of 5 to 30 years. Life Income Plans • Single Life Income (Option C). The Company will make monthly payments for years beginning with the selected certain period, if any, and thereafter during the remaining lifetime of the individual upon whose life income payments depend. The selections available are: (a) no certain period; or (b) a certain period of 10 or 20 yearssixth contract year.

DESCRIPTION OF PAYMENT PLANS. Installment Income For Specified Period (Option B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 10 to 30 years during the first five contract years and over a specified period of 5 to 30 yearsyears beginning with the sixth contract year. Life Income Plans • Single Life Income (Option C). The Company will make monthly payments for the selected certain period, if any, and thereafter during the remaining lifetime of the individual upon whose life income payments depend. The selections available are: (a) no certain period; or (b) a certain period of 10 or 20 years.Plans

DESCRIPTION OF PAYMENT PLANS. Installment Income For Specified Period (Option B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 10 to 30 years during the first five contract years and over a specified period of 5 to 30 years. Life Income Plans • Single Life Income (Option C). The Company will make monthly payments for years beginning with the selected certain period, if any, and thereafter during the remaining lifetime of the individual upon whose life income payments depend. The selections available are: (a) no certain period; or (b) a certain period of 10 or 20 yearssixth contract year.