Examples of Option 1 in a sentence
NOTE: IF NO OPTION IS SELECTED, OPTION 1 WILL BE DEEMED TO BE SELECTED.
OPTION 1 - LIFE ANNUITY, LIFETIME MONTHLY PAYMENTS GUARANTEED Monthly payments payable to the Payee during the lifetime of the Annuitant.
PAYMENT OPTION 1: LIFE INCOME WITH PAYMENTS FOR 10 YEARS CERTAIN We will pay the proceeds in equal amounts each month, quarter, or year during the Annuitant's lifetime or for 10 years, whichever is longer.
The Executive and Company agree and acknowledge that any election to select a benefit payment pursuant to OPTION 1 OPTION 2, or OPTION 3 made under this EXHIBIT B EXECUTIVE DISABILITY BENEFIT ELECTION, not made within the time frame set forth in the paragraph above, shall be null and void.
NO CHANGE FROM DEATH BENEFIT OPTION 1 OR 2 TO OPTION 3, OR OPTION 3 TO OPTION 2 IS PERMITTED.