Form of Annuity definition

Form of Annuity means the types of annuities available to the Annuitant such as Life Annuity, Period Certain Annuity, Joint Annuity, and Joint and Survivor Annuity.
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Form of Annuity means the type of Annuity and payment obligation arising thereunder and described in Table II.
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Form of Annuity means the types of annuities available to the Annuitant such as Life Annuity, Period Certain Annuity, Joint Annuity, and Joint and Survivor Annuity. (78) “General Account” means an insurance company’s overall investment account that contains general corporate assets. (89) “Joint Annuitant” means the person named by the Plan participant on a Joint annuity Form of Annuity to be the co-owner of the annuity serve as the measuring life if still living following the death of the Annuitant. (910) “Plan” means the retirement Plan specified in the contract. (101) “Plan Administrator” means the person or entity designated by the Plan or by the employer to manage the retirement Plan. (112) “Plan Sponsor” means the person or entity that sets up establishes or maintains the Plan. (123) “Separate Account” means an account holding certain insurance company assets that are accounted for separately from the General Account established by the insurance company under the laws of the insurance company’s state of domicile. All aspects of its operation, maintenance, and the insulation of Separate Account assets will be governed by the domiciliary state’s law. § 4 CONTRACT PROVISIONS
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Examples of Form of Annuity in a sentence

  • FORM OF ANNUITY (1) The contract shall identify the Forms of Annuity available to the Annuitant and a description of each Form of Annuity.

  • Normal Form of Annuity 67½% Contingent Annuity,payable to the later of the date the spouse remarries or dies, or the date all dependent children attain age 18.67½% Contingent Annuity, payable to the later of the date the spouse remarries or dies, or the date all dependent children attain age 18.

  • The normal form of withdrawal shall be a single sum payment, and the optional form of withdrawal shall be the Normal Form of Annuity.

  • Form of Annuity (1) The contract shall identify the Forms of Annuity available to the Annuitant and a description of each Form of Annuity.

  • The monthly Life Annuity payment shown in Schedule I under [Form A, Part 2(a)] will be converted in accordance with Section 8.03 to the Form of Annuity shown in the table below, and adjusted for early or late commencement, if applicable.

  • A Deferred Annuitant listed in Schedule I under [Form A, Part 2(a)] may only receive on the Annuity Commencement Date the Form of Annuity that is indicated in Section 5.03.

  • On each Deferred Annuitant’s Annuity Commencement Date, the Deferred Annuitant will be paid monthly Annuity payments under the Form of Annuity shown below which is the Form of Annuity previously elected under the Plan by the Deferred Annuitant.

  • However, if you chose the Married Couple Form of Annuity, your monthly pension would be$1,800.00 which would be payable to you for your lifetime.

  • Phased retirement was introduced in 2014 for implementation by some government agencies, but has not yet been offered to U.S. Postal Service employees.Alternative Annuity, also called Alternative Form of Annuity (AFA) is an option for employees eligible for a non-disability annuity who have a life-threatening afflic- tion or other critical medical con- dition.

  • The PSC agreed to change the term Annuity Form to Form of Annuity for clarity.

Related to Form of Annuity

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Form of Note means the “Form of Note” attached hereto as Exhibit A.

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • Qualified Joint and Survivor Annuity means an annuity for the life of the Participant with a survivor annuity for the life of his Spouse as described in Section 8.2.

  • Form of Agreement means the form of agreement contained in Part D of the RFP;

  • Normal Form means a monthly annuity which is one twelfth of the amount of the member’s accrued benefit which is payable for the member’s life. If the member dies before the sum of the payments he or she receives equals his or her accumulated contributions on the annuity starting date, the named beneficiary shall receive in one lump sum the difference between the accumulated contributions at the annuity starting date and the total of the retirement income payments made to the member.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Form of Contract means the document comprising Section 1 of the Contract signed by or on behalf of the Parties confirming their willingness to enter into and be bound by the terms of the Contract.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Form of Acceptance means the Form of formal acceptance, signed by the Procuring Entity, of the Form of Tender, including any annexed memoranda comprising agreements between and signed by both Parties. If there is no such Form of acceptance, the expression “Form of Acceptance” means the Contract Agreement and the date of issuing or receiving the Form of Acceptance means the date of signing the Contract Agreement.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • FACE Form means the Funding Authorization and Certificate of Expenditure Form attached to this Agreement. The FACE Form is used for (i) requests for cash advances, direct payments or reimbursements and (ii) financial reporting by the Partner.

  • Enrollment Form means an agreement pursuant to which an Eligible Employee may elect to enroll in the Plan, to authorize a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering Period.

  • Form of Notice of Conversion means the “Form of Notice of Conversion” attached as Attachment 1 to the Form of Note attached hereto as Exhibit A.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Actuarial certification means a written statement by a member of the American Academy of

  • Form of Assignment and Transfer means the “Form of Assignment and Transfer” attached as Attachment 3 to the Form of Note attached hereto as Exhibit A.

  • Notice to Participants means a communication sent by or on behalf of BSEF to all Participants as described in Rule 310.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Form of Tender means the form of tender in Part C – Form of Tender to this ITT on which Tenderers are to complete their Tenders;

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Payment Election means an election pursuant to Section 5.1.