Annuity Option. An arrangement under which Annuity Payments are made under this Contract.
Examples of Annuity Option in a sentence
If Annuity Option 2 is chosen, then on Annuitant diagnosed with any one of the Critical Illnesses mentioned belowii.
There shall be no obligation upon Council to issue written reasons for their decision.9(7) The decision of Council shall be final.
If such elected Joint and Survivor Annuity Option shall fail to satisfy the requirements of the preceding sentence, such election shall be of no effect.
Once you elect an Annuity Option, you will no longer have access to your Account Value.
How do I begin Annuity Payments?As you approach the Annuity Date, you may choose an Annuity Option, and we apply the greater of your Account Value or the Minimum Guaranteed Surrender Value and begin the Annuity Payments.
More Definitions of Annuity Option
Annuity Option means the manner in which the Cash 4 Life jackpot prize or second-level prize level may be paid in annual installments.
Annuity Option means the manner in which the MONOPOLY Millionaires’ Club top prize may be paid in annual installments.
Annuity Option means one of the following Options chosen by the Annuitant at inception of the Policy:
Annuity Option means one of the Actuarial Equivalent annuity forms set forth in Section 4.6(b).
Annuity Option. Under the option "Payments for a Stated Period of Time": For amounts invested in the GA Account or one or more of the Fund(s), the number of years must be at least [five (5)] and not more than [thirty (30)] and the Annuity may be a Fixed or Variable Annuity. For amounts invested in the Fixed Plus Account, the number of years must be at least [five (5)] and not more than [thirty (30)] and the Annuity must be a Fixed Annuity. Fixed Annuity -------------------------------------------------------------------------------- Minimum Guaranteed Interest [3%] (effective annual rate of return). Rate: See Section 1. - DEFINITIONS for explanations.
Annuity Option means one of the options chosen by the Policy- holder/Annuitant at Policy Commencement Date, as specified in the Schedule and as detailed in Section 2) below.
Annuity Option means shall mean the annuity option chosen by You and appearing in the Policy Schedule;