Common use of AMOUNT OF ANNUITY BENEFITS Clause in Contracts

AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person’s remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 8 contracts

Samples: Equitable Financial Life Insurance Co of America, Equitable America Variable Account No.70A, Equitable Financial Life Insurance Co of America

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AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 to have an Annuity Benefit paid payment is elected in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in specified by the Data Pages Employer or required by applicable laws or and regulations, be (i1) the Annuity Account Value Value, if the annuity form elected provides payments for a person’s 's remaining lifetime or (ii2) the Cash Value Value, if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which taxes, as described under the section "Applicable Tax Charges", that apply on annuity purchase payments. If we have previously deducted charges for applicable taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i1) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii2) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee, or (3) any of our single consideration immediate annuity contracts offered at the time to the same class of Participants.

Appears in 4 contracts

Samples: Separate Account a of Equitable Life Assu Soc of the Us, Separate Account a of Axa Equitable Life Insurance Co, Separate Account a of Equitable Life Assu Soc of the Us

AMOUNT OF ANNUITY BENEFITS. If you elect the Owner elects pursuant to Section 8.01 7.02 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated specified in the Data Pages Certificate or required by applicable laws or and regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person’s 's remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have Equitable has previously deducted charges for applicable taxes from Contributions, we Equitable will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii) our Equitable's then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 3 contracts

Samples: Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us), Equitable Life Assurance Society of the United States /Ny/, Separate Account No 45 of Equitable Life Assur Society of Us

AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 7.02 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages pages or required by applicable laws or regulations, ,be the (i) the Annuity Account Value if the annuity Annuity form elected provides payments for a person’s 's remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables Table of Guaranteed Annuity Payments shown in the Data Pages or (ii) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 2 contracts

Samples: Separate Account Va of the Equitable of Colorado Inc, Separate Account Va of the Equitable of Colorado Inc

AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person’s remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 2 contracts

Samples: Separate Acct No 49 of Axa Equitable Life Insurance Co, Separate Acct No 49 of Axa Equitable Life Insurance Co

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AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 7.01 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person’s remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit based on the basis of either (i) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 1 contract

Samples: Variable Account AA

AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 7.02 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person’s 's remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes applicable to the state of residence which apply applies on annuity purchase payments. If we have previously deducted charges for such applicable taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 1 contract

Samples: Separate Account a of Axa Equitable Life Insurance Co

AMOUNT OF ANNUITY BENEFITS. If you elect pursuant to Section 8.01 to have an Annuity Benefit paid in lieu of the Cash Value, then the amount applied to provide the Annuity Benefit will, unless otherwise stated in the Data Pages or required by applicable laws or regulations, be (i) the Annuity Account Value if the annuity form elected provides payments for a person’s 's remaining lifetime or (ii) the Cash Value if the annuity form elected does not provide such lifetime payments. The amount applied to provide an Annuity Benefit may be reduced by a charge for any taxes which apply on annuity purchase payments. If we have previously deducted charges for taxes from Contributions, we will not again deduct charges for the same taxes before an Annuity Benefit is provided. The balance will be used to purchase the Annuity Benefit on the basis of either (i) the Tables of Guaranteed Annuity Payments shown in the Data Pages or (ii) our then current individual annuity rates, whichever rates would provide a larger benefit with respect to the payee.

Appears in 1 contract

Samples: Separate Acct No 49 of Axa Equitable Life Insurance Co

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