Common use of Age and Sex Clause in Contracts

Age and Sex. This contract is issued at the Annuitant's age shown in Section 1, Contract Data. If the contract date falls on the birthday of the Annuitant, the age will be the age the Annuitant reaches on the contract date. If the Annuitant's age or sex has been incorrectly stated, the benefits under this contract will be those the proceeds applied would have purchased for the correct age and sex. If the incorrect statement is not discovered until after payments have begun: (1) any overpayment by us will be deducted from the next succeeding payment or payments as they fall due; or (2) any underpayment by us will be paid in one sum to the Annuitant. In either case, interest will be payable at the rate of 3% per year compounded annually.

Age and Sex. This contract is issued at the Annuitant's ’s age shown in Section 1, Contract Data. If the contract date falls on the birthday of the Annuitant, the age will be the age the Annuitant reaches on the contract date. If the Annuitant's ’s age or sex has been incorrectly stated, the benefits under this contract will be those the proceeds applied would have purchased for the correct age and sex. If the incorrect statement is not discovered until after payments have begun: (1) any overpayment by us will be deducted from the next succeeding payment or payments as they fall due; or (2) any underpayment by us will be paid in one sum to the Annuitant. In either case, interest will be payable at the rate of 3% per year compounded annually.

Age and Sex. This contract is issued at the Annuitant's age shown in Section 1, Contract Data. If the contract date falls on the birthday of the Annuitant, the age will be the age the Annuitant reaches on the contract date. If the Annuitant's age or sex has been incorrectly stated, the benefits under this contract will be those the proceeds applied would have purchased for the correct age and sex. If the incorrect statement is not discovered until after payments have begun: (1) any overpayment by us will be deducted from the next succeeding payment or payments as they fall due; or (2) any underpayment by us will be paid in one sum to the Annuitant. J188 In either case, interest will be payable at the rate of 3% per year compounded annually.