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.
Single Life Annuity means an annuity payable for the life of a Participant.
Single Life Annuity means an annuity providing equal monthly payments for the lifetime of the Member with no survivor benefits.
Examples of Single Life Annuity in a sentence
The following income options are available: A Single Life Annuity.
Payments will be made monthly to the ALTERNATE PAYEE for the life of the ALTERNATE PAYEE with a period certain of 60 payments, as described in the PLAN under the Single Life Annuity with 60 Month Guarantee option.
For unmarried retirees, the normal form is a Single Life Annuity.
Such annuity will be a Joint and Contingent Survivor Annuity if I am married and a Single Life Annuity if I am not married.
Disclosure as per Accounting Standard-1 on ‘ Disclosure of Accounting Policies’ During the year following changes in accounting policies have been made:- a) The company has revised the accounting policy for depreciation of certain assets due to reassessment of their useful life.
More Definitions of Single Life Annuity
Single Life Annuity means a monthly retirement benefit payable for the lifetime of the Participant, with no continuing payments following the Participant’s death.
Single Life Annuity means a benefit payable monthly during the Participant’s lifetime, commencing as of his Benefit Calculation Date and ending with the payment due on the first day of the calendar month in which the Participant’s death occurs.
Single Life Annuity means a Participant’s Plan Benefit payable in monthly installments over the life of the Participant, commencing as of the Payment Date and ending with the payment due for the month in which the Participant dies, with no further payments on his behalf after his death.
Single Life Annuity means, with respect to a Participant, a form of payment under which the benefit is paid in monthly installments commencing as set forth in Section 3.4 and continuing for the lifetime of the Participant.
Single Life Annuity means an annuity (i.e., a form of benefit without life insurance which provides for equal payments at regular installments over more than a one year period) payable as follows. Monthly payments are made to a Participant for his life and end with the last payment due for the calendar month in which the date of the Participant’s death occurs. The monthly amount of a Single Life Annuity is determined under the provisions of Subsection 7.2.1 below and certain other provisions of the Plan.
Single Life Annuity means an annuity payable for the life of an individual, with no payments after the death of such individual.
Single Life Annuity means, in respect of a Covered Life, the Annuity Form having such payment terms as are specified in Section 2.3 for such Annuity Form, together with any of the following Riders in respect of such Covered Life as are specified in Annuity Exhibits: Special Benefit Rider Level Benefit Rider Refund Death Benefit Rider and together with, in respect of such Covered Life, any of the following Option(s) in respect of such Covered Life as are specified in the Annuity Exhibits with respect to such Covered Life: Post-Retirement Marriage Conversion Option Disabled Age 55 Conversion Option