Common use of Annual Payments from LIF Clause in Contracts

Annual Payments from LIF. All payments from this LIF must comply with the terms of this Contract, including this section 1. The total payments made to the Annuitant from this LIF each Year (the “Annual Payment”) will vary each Year in accordance with the following rules, until such time as the balance of the Locked-In Funds is transferred out or converted in accordance with sections 2 or 3, below.

Annual Payments from LIF. All payments made from this LIF must shall comply with the terms of this Contract, including the provisions of this section 1. The total payments made to the Annuitant from this LIF each Year (the “Annual PaymentPayments”) will vary each Year in accordance with the following rules, until such time as the balance of the Locked-In Funds funds in this LIF is transferred out out, converted or converted withdrawn in accordance with sections 2 or 3, 3 below.

Annual Payments from LIF. All payments made from this LIF must shall comply with the terms of this Contract, including the provisions of this section 1. The total payments made to the Annuitant from this LIF each Year (the “Annual PaymentPayments”) will vary each Year in accordance with the following rules, until such time as the balance of the Locked-In Funds funds in this LIF is transferred out out, converted, withdrawn, or converted paid in accordance with sections 2 or 3, 3 below.