Common use of ANNUITY BENEFIT Clause in Contracts

ANNUITY BENEFIT. Payments under an Annuity Benefit will be made monthly. An election may be made by the Employer on behalf of the Participant to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of election. This election may be made at the time the Annuity Benefit form as described in the section "Annuity Benefit Forms" is elected. In that event, all references in this Contract to monthly payments will be deemed to mean payments at the frequency elected.

ANNUITY BENEFIT. Payments under an Annuity Benefit will be made monthly. An election You may be made by the Employer on behalf of the Participant elect instead to have the Annuity Benefit paid at other intervals, such as every three months, six months, or twelve months, instead of monthly, subject to our rules at the time of electionyour election or as otherwise stated in the Data pages or any endorsement hereto. This election may be made at the time the Annuity Benefit form as described in the section "Annuity Benefit Forms" Section 7.02 is elected. In that event, all references in this Contract to monthly payments will will, with respect to the Annuity Benefit to which the election applies, be deemed to mean payments at the frequency elected.