Examples of Annuity Payment in a sentence
Joint LifeAnnuity Amount per Frequency of Annuity Payment, as provided in the Policy Schedule, will be paid in arrears as long as one of the Annuitants is alive.
In case of Frequency of Annuity Payment other than annually in arrears, the Surrender Benefit shall be paid after deducting any Annuity pay-outs made during the Policy Year.
The loan interest will accrue as per the Frequency of Annuity Payment under the Policy and it will be due on the date of annuity.
Players shall have sixty (60) calendar days from the date when a winning Grand Prize ticket is presented for payment at CLC Headquarters to decide whether the prize will be paid as a Cash Payment or an Annuity Payment.
If the selection option is not exercised by the Grand Prize winner within sixty (60) calendar days from the date when the winning ticket is presented for payment at CLC Headquarters, the CLC shall automatically issue payment as an Annuity Payment.