Common use of ANNUITY BENEFITS Clause in Contracts

ANNUITY BENEFITS. On or before the Contract Maturity Date, you may elect any one of the Annuity Payment Options as described in Section 18. If no election is made, we may begin to pay a series of annuity payments automatically to the Owner beginning on the Contract Maturity Date of a period certain of 10 years and as long thereafter as the Annuitant lives. The amount of each annuity payment will be equal to the Annuitization Value as described in Section 2, less any applicable tax, divided by $1,000 and then multiplied by the applicable current annuity payment option rates. If the amount to be applied on the Contract Maturity Date would result in monthly payments of less than SAMPLE $20, we shall have the right to pay such amount to you in one lump sum in lieu of providing such annuity. We also have the right to change the annuity payment frequency to annual if the monthly annuity payment would otherwise be less than $20.

ANNUITY BENEFITS. On or before the Contract Maturity Date, you may elect any one of the Annuity Payment Options as described in Section 18. If no election is made, we may begin to pay a series of annuity payments automatically to the Owner beginning on the Contract Maturity Date of a period certain of 10 years and as long thereafter as the Annuitant lives. The amount of each annuity payment will be equal to the Annuitization Value as described in Section 2, less any applicable tax, divided by $1,000 and then multiplied by the applicable current annuity payment option ratesfactors. If the amount to be applied on the Contract Maturity Date would result in monthly payments of less than SAMPLE $20, we shall have the right to pay such amount to you in one lump sum in lieu of providing such annuity. We also have the right to change the annuity payment frequency to annual if the monthly annuity payment would otherwise be less than $20.

ANNUITY BENEFITS. On or before the Contract Maturity Date, you may elect any one of the Annuity Payment Options as described in Section 1821. If no election is made, we may shall begin to pay a series of annuity payments automatically to the Owner beginning on the Contract Maturity Date for the longer of a period certain of 10 years and as long thereafter as or the Annuitant liveslife of the Annuitant. The amount of each annuity payment will be equal to the Annuitization Contract Value as described in Section 2, on the Maturity Date less any applicable tax, divided by $1,000 and then multiplied by the applicable current annuity payment option ratesfactors. If the amount to be applied on the Contract Maturity Date is less than $2,000 or would result in monthly payments of less than SAMPLE $20, we shall have the right to pay such amount to you in one lump sum in lieu of providing such annuity. We also have the right to change the annuity payment frequency to annual if the monthly annuity payment would otherwise be less than $20.

ANNUITY BENEFITS. On or before the Contract Maturity Date, you may elect any one of the Annuity Payment Options as described in Section 18. If no election is made, we may begin to pay a series of annuity payments automatically to the Owner beginning on the Contract Maturity Date of a period certain of 10 years and as long thereafter as the Annuitant lives. The amount of each annuity payment will be equal to the Annuitization Value as described in Section 2, less any applicable tax, divided by $1,000 and then multiplied by the applicable current annuity payment option rates. SAMPLE If the amount to be applied on the Contract Maturity Date would result in monthly payments of less than SAMPLE $20, we shall have the right to pay such amount to you in one lump sum in lieu of providing such annuity. We also have the right to change the annuity payment frequency to annual if the monthly annuity payment would otherwise be less than $20.

ANNUITY BENEFITS. On or before the Contract Maturity Date, you may elect any one of the Annuity Payment Options as described in Section 1821. If no election is made, we may shall begin to pay a series of annuity payments automatically to the Owner beginning on the Contract Maturity Date for the longer of a period certain of 10 years and as long thereafter as or the Annuitant liveslife of the Annuitant. The amount of each annuity payment will be equal to the Annuitization Contract Value as described in Section 2, on the Maturity Date less any applicable tax, divided by $1,000 and then multiplied by the applicable current annuity payment option ratesfactors. If the amount to be applied on the Contract Maturity Date is less than $2,000 or would result in monthly payments of less than SAMPLE $20, we shall have the right to pay such amount the Contract Value to you in one lump sum in lieu of providing such annuity. We also have the right to change the annuity payment frequency to annual if the monthly annuity payment would otherwise be less than $20.