INCOME DATE. The date on which annuity payments are to begin. The Income Date may not be sooner than 13 months from the Issue Date of the Contract. If no Income Date is selected, the Income Date will be the Latest Income Date. At any time at least seven days prior to the Income Date then indicated on the Company's records, the Owner may change the Income Date by written notice to the Service Center, subject to the Latest Income Date.
INCOME DATE. If no Income Date is selected, the Income Date will be the Latest Income Date. At any time at least seven days prior to the Income Date then indicated on the Company's records, the Owner may change the Income Date to any date later than the Income Date currently on record by written notice to the Service Center, subject to the Latest Income Date.
INCOME DATE. The Contract Anniversary on or next following the Owner's 95th birthday or such earlier date required by a Qualified Plan, law or regulation. NON-QUALIFIED PLAN. A retirement plan which does not qualify for favorable tax treatment under Sections 401, 403, 408, 408A or 457 of the Internal Revenue Code, as amended. OWNER ("YOU," "YOUR"). The natural person(s) or entity(ies) so designated on the Contract Data Page, or by subsequent designation. In this Contract, "You" and "Your" also mean the Owner. References to the Owner include all Joint Owners, if applicable. PREMIUM(S). Money paid into this Contract for allocation into a Contract Option. QUALIFIED PLAN. A retirement plan which qualifies for favorable tax treatment under Sections 401, 403, 408, 408A or 457 of the Internal Revenue Code, as amended. REDETERMINATION DATE. The date the Fixed Account Minimum Interest Rate is reset as described in the Fixed Account Minimum Interest Rate provision. It is the date each January that coincides with the Issue Date. For example, if Your Contract's Issue Date is May 23, the Redetermination Date will be January 23 each year following the Issue Date. REDETERMINATION PERIOD. The twelve-month period that begins on each Redetermination Date. SEPARATE ACCOUNT. An asset account the Company has established and maintains in accordance with Michigan law. The Company has allocated a portion of the Company's assets to this account for this Contract and certain other contracts. The name of the Separate Account is shown on the Contract Data Page. SEPARATE ACCOUNT CONTRACT VALUE. The current value of the amounts under this Contract allocated to the Separate Account's Investment Divisions.
INCOME DATE. The Contract Anniversary on or next following the Owner's 95th birthday under a Non-Qualified Plan Contract, or such earlier date required by the applicable Qualified Plan, law or regulation. NON-QUALIFIED PLAN. A retirement plan which does not qualify for favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Internal Revenue Code, as amended. OWNER ("YOU," "YOUR"). The natural person(s) or entity(ies) so designated on the Contract Data Page, or by subsequent designation, who is entitled to exercise all rights and privileges under this Contract. Usually, but not always, the Owner is also the Annuitant. If Joint Owners are designated, all references to Owner shall mean Joint Owners. PREMIUM(S). Considerations paid into this Contract by or on behalf of the Owner. QUALIFIED PLAN. A retirement plan which qualifies for favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Internal Revenue Code, as amended. REMAINING PREMIUM. The total Premium reduced by withdrawals that incur Withdrawal Charges and withdrawals of Premiums that are no longer subject to Withdrawal Charges. SEPARATE ACCOUNT. A segregated asset account established and maintained by the Company in accordance with applicable law in which a portion of the Company's assets have been allocated for this and certain other contracts. The name of the Separate Account is shown on the Contract Data Page. SEPARATE ACCOUNT CONTRACT VALUE. The current value of the amounts allocated to the Investment Divisions of the Separate Account. SERVICE CENTER. The Company's administrative address and telephone number as specified on the cover page of the Contract or as may be designated by the Company from time to time.
INCOME DATE. The Contract Anniversary on or next following the Owner's 95th birthday or such earlier date required by a Qualified Plan, law or regulation.
INCOME DATE. Selected Income Date ___- 01 -___ The Income Date (Annuitization Date) may be no earlier than two full certificate years after the issue date. (If no date is selected, the Income Date will default to the later of one month after the Annuitants 90th birthday.) ______________________________________________________________________________
INCOME DATE. Selected Income Date ___- 01 -___ The Income Date (Annuitization Date) may be no earlier than 13 months from the Issue Date. The maximum annuitization age of the Annuitant is age 90. ______________________________________________________________________________
INCOME DATE. The Income Date for the Annuitant is the date shown on the Contract Specifications' page. If the Annuitant's death results in someone becoming the new Annuitant, the Income Date will be based on the new Annuitant's date of birth only if the new Annuitant is younger than the decedent. Payment Options You may choose any of the four payment options described below. You may also arrange other payment options with Us. The payee is the person who will receive the sum payable under a payment option. If the amount available to apply under any option is less than $5,000 ($2,000 if the issue state shown on page 3 is Massachusetts), We reserve the right to pay such amount in one sum to the payee in lieu of the payment otherwise provided for. Payments will be made monthly unless quarterly, semi-annual, or annual payments are chosen by Written Request. However, if any payment provided for would be or becomes less than $100, We have the right to reduce the frequency of payments to an interval that will result in each payment being at least $100. The payment amount under each option will be equal to the greater of the amount shown in the applicable table or the amount currently offered by Us at the time of the first payment. Under Options 2, 3 and 4 and any other life income option, the payment amount will be based on the age of the payee(s). The current amount may also be based on the sex of the payee(s) (except if this is prohibited by law or if the issue state shown on page 2 is Massachusetts or Montana).
INCOME DATE. The date on which the Owner attains age 90 under a Nonqualified Plan Contract, or such earlier date as required by the applicable Qualified Plan, law, or regulation, unless otherwise approved by the Company.
INCOME DATE. Selected Income Date ___- 01 -___ The Income Date (Annuitization Date) may be no earlier than two years after the Issue Date. The income date does not take effect until at least 7 years after the Issue Date. ______________________________________________________________________________
