ANNUITY OPTIONS. Option 1 -- Payments for a Stated Period of Time -- An Annuity will be paid for the number of years chosen. The number of years must be at least 10 and not more than 30. If a nonspouse Beneficiary elects this option at the death of the Certificate Holder, the period selected may not extend beyond the Beneficiary's life expectancy.
Appears in 4 contracts
Sources: Group Annuity Certificate (VOYA RETIREMENT INSURANCE & ANNUITY Co), Annuity Contract (Aetna Insurance Co of America), Group Annuity Contract (Aetna Insurance Co of America)
ANNUITY OPTIONS. Option 1 -- Payments for a Stated Period of Time -- An Annuity will be paid for the number of years chosen. The number of years must be at least 10 and not more than 30. If a nonspouse Beneficiary elects this option at the death of the Certificate Contract Holder, the period selected may not extend beyond the Beneficiary's life expectancy.
Appears in 4 contracts
Sources: Individual Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Individual Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Annuity Contract (Aetna Life Insurance & Annuity Co /Ct)
ANNUITY OPTIONS. Option 1 -- - Payments for a Stated Period of Time -- - An Annuity will be paid for the number of years chosen. The number of years must be at least 10 5 and not more than 30. If payments for this Annuity Option are made under a nonspouse Beneficiary elects this option variable Annuity, the present value of any remaining payments may be withdrawn at any time. Option 2 - Life Income - An Annuity will be paid for the death life of the Certificate HolderAnnuitant. If also chosen, the period selected may not extend beyond the Beneficiary's life expectancyWe will guarantee payments for 60, 120, 180, or 240 months.
Appears in 2 contracts
Sources: Group Annuity Certificate (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Annuity Coverage Certificate (Variable Annuity Account I of Aetna Insurance Co of America)
ANNUITY OPTIONS. Option 1 -- Payments for a Stated Period of Time -- An Annuity will be paid for the number of years chosen. The number of years must be at least 10 and not more than 30. If a nonspouse Beneficiary elects this option at the death of the Certificate Holder, the period selected may not extend beyond the Beneficiary's life expectancy.not
Appears in 1 contract
Sources: Group Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co)