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Common use of 05B Clause in Contracts

05B. The Annuitant's entire interest under the Contract will be distributed or begin to be distributed no later than the Annuitant's Required Beginning Date defined above. The Annuitant's entire interest may be distributed, over (a) the Annuitant's life, or the lives of the Annuitant's and his or her designated beneficiary, or (b) a period certain not extending beyond the Annuitant's life expectancy, or the joint and last survivor expectancy of the Annuitant and his or her designated beneficiary.

Appears in 4 contracts

Samples: Individual Retirement Annuity Contract (Separate Account No 301 of Axa Equitable Life Insurance Co), Individual Retirement Annuity Contract (Separate Account No 301 of Axa Equitable Life Insurance Co), Individual Retirement Annuity Contract (Separate Account No 301 of Axa Equitable Life Insurance Co)