Common use of Allocation of Purchase Payments Clause in Contracts

Allocation of Purchase Payments. The Certificate Holder may elect to have each Net Purchase Payment accumulate: (a) On a variable basis invested in shares of one or more Funds in which the Separate Account invests; (b) For guaranteed terms offered in the current deposit period(s) under the AG Account; or (c) In a combination of any of the available investment options. Net Purchase Payments must be allocated in whole percentages. For subsequent Purchase Payments, if no allocation instructions are received with the Purchase Payment, the allocation will be as indicated in the most recent directive from the Certificate Holder. If the same guaranteed term(s) are not available, the next shortest will be used. If no shorter guaranteed term is available, the next longer guaranteed term will be used.

Appears in 4 contracts

Samples: Group Annuity Coverage Certificate (Variable Annuity Account I of Aetna Insurance Co of America), Group Annuity Coverage Certificate (Variable Annuity Account I of Aetna Insurance Co of America), Group Variable, Fixed or Combination Annuity Contract (Variable Annuity Account I of Aetna Insurance Co of America)

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Allocation of Purchase Payments. The Certificate Holder may elect to have each Net Purchase Payment accumulate: (a) On a variable basis invested in shares of one or more Funds in which the Separate Account invests; ; (b) For guaranteed terms offered in the current deposit period(s) under the AG Account; or or (c) In a combination of any of the available investment options. Net Purchase Payments must be allocated in whole percentages. For subsequent Purchase Payments, if no allocation instructions are received with the Purchase Payment, the allocation will be as indicated in the most recent directive from the Certificate Holder. If the same guaranteed term(s) are not available, the next shortest will be used. If no shorter guaranteed term is available, the next longer guaranteed term will be used.

Appears in 2 contracts

Samples: Group Variable, Fixed or Combination Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Group Annuity Certificate (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

Allocation of Purchase Payments. The Certificate Contract Holder may elect to have each Net Purchase Payment accumulate: (a) On a variable basis invested in shares of one or more Funds in which the Separate Account invests; ; (b) For guaranteed terms offered in the current deposit period(s) under the AG Account; or or (c) In a combination of any of the available investment options. Net Purchase Payments must be allocated in whole percentages. For subsequent Purchase Payments, if no allocation instructions are received with the Purchase Payment, the allocation will be as indicated in the most recent directive from the Certificate Contract Holder. If the same guaranteed term(s) are not available, the next shortest will be used. If no shorter guaranteed term is available, the next longer guaranteed term will be used.

Appears in 2 contracts

Samples: Individual Variable, Fixed or Combination Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

Allocation of Purchase Payments. The Certificate Holder may elect to have each Net Purchase Payment accumulate: (a) On a variable basis invested in shares of one or more Funds in which the Separate Account invests; ; (b) For guaranteed terms offered in the current deposit period(s) under the AG GP Guaranteed Account; or or (c) In a combination of any of the available investment options. Net Purchase Payments must be allocated in whole percentages. For subsequent Purchase Payments, if no allocation instructions are received with the Purchase Payment, the allocation will be as indicated in the most recent directive from the Certificate Holder. If the same guaranteed term(s) are not available, the next shortest will be used. If no shorter guaranteed term is available, the next longer guaranteed term will be used.

Appears in 1 contract

Samples: Group Variable, Fixed or Combination Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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Allocation of Purchase Payments. The Certificate Contract Holder may elect to have each Net Purchase Payment accumulate: (a) On a variable basis invested in shares of one or more Funds in which the Separate Account invests; (b) For guaranteed terms offered in the current deposit period(s) under the AG Account; or (c) In a combination of any of the available investment options. Net Purchase Payments must be allocated in whole percentages. For subsequent Purchase Payments, if no allocation instructions are received with the Purchase Payment, the allocation will be as indicated in the most recent directive from the Certificate Contract Holder. If the same guaranteed term(s) are not available, the next shortest will be used. If no shorter guaranteed term is available, the next longer guaranteed term will be used.

Appears in 1 contract

Samples: Individual Variable, Fixed or Combination Annuity Contract (Variable Annuity Account I of Aetna Insurance Co of America)

Allocation of Purchase Payments. The Certificate Holder may elect to have each Net Purchase Payment accumulate: (a) On a variable basis invested in shares of one or more Funds in which the Separate Account invests; ; (b) For guaranteed terms offered in the current deposit period(s) under the AG Account; or or (c) In a combination of any of the available investment options. Net Purchase Payments must be allocated in whole percentages. For subsequent Purchase Payments, if no allocation instructions are received with the Purchase Payment, the allocation will be as indicated in the most recent directive from the Certificate Holder. If the same <PAGE> guaranteed term(s) are not available, the next shortest will be used. If no shorter guaranteed term is available, the next longer guaranteed term will be used.

Appears in 1 contract

Samples: Group Annuity Certificate (VOYA RETIREMENT INSURANCE & ANNUITY Co)

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