Common use of Election and Revocation Clause in Contracts

Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Certificate Holder's death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. XXX may be elected only once by the Certificate Holder or by a spouse Beneficiary.

Appears in 1 contract

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co

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Election and Revocation. ECO may be elected by the Certificate Contract Holder on behalf of the Participant by submitting a written request completed and signed election form to Aetna at its Aetna's Home Office. For a Participant subject to the Retirement Equity Act (REA), the Participant's spouse must consent to the election of this option in writing in a form acceptable to Aetna. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Certificate Holder's death, Contract Holder by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. XXX ECO may be elected only once by the Certificate Holder or by a spouse Beneficiaryonce.

Appears in 1 contract

Samples: Information Analysis Inc

Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Certificate HolderContract Xxxxxx's death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. XXX may be elected only once by the Certificate Holder or by a spouse Beneficiary.

Appears in 1 contract

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co

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Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Certificate Contract Holder's death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. XXX ECO may be elected only once by the Certificate Holder or by a spouse Beneficiary.

Appears in 1 contract

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co

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