Common use of Annuity Distributions Clause in Contracts

Annuity Distributions. the law requires distributions to certain participants to be in the form of commercial insurance annuities, unless consented to and waived by both the participant and his or her spouse. Participants that are subject to this requirement are identified in section 6.04(E) of the Plan. For administrative convenience choose option (a). If you are restating a plan that was subject to the joint and survivor annuity rules, you must select Option (b).

Annuity Distributions. the The law requires distributions to certain participants to be in the form of commercial insurance annuities, unless consented to and waived by both the participant and his or her spouse. Participants that are subject to this requirement are identified in section 6.04(E) of the Plan. For administrative convenience convenience, choose option (a). If you are restating a plan that was subject to the joint and survivor annuity rules, rules you must select Option (b).