Common use of ANNUITY PAYMENTS Clause in Contracts

ANNUITY PAYMENTS. The Annuity Option is shown on page 3. The Owner may choose any form of Annuity Option that is allowed by the Company. The Owner may choose an Annuity Option by written request. This request must be Received by the Company at least 30 days prior to the Annuity Payout Date. Several Annuity Options are listed on pages 18 and 19. No Annuity Option can be selected that requires the Company to make periodic payments of less than $20.00. If no Annuity Option is chosen prior to the Annuity Payout Date, the Company will use the Life with 10-Year Fixed Period Option. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. CHANGE OF ANNUITY OPTION Prior to the Annuity Payout Date, the Owner may change the Annuity Option chosen. The Owner must request the change in writing. This request must be Received by the Company at least 30 days prior to the Annuity Payout Date.

Appears in 5 contracts

Samples: Flexible Premium Deferred Variable Annuity Contract (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Flexible Premium Deferred Variable Annuity Contract (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Flexible Premium Deferred Variable Annuity Contract (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny)

AutoNDA by SimpleDocs

ANNUITY PAYMENTS. The Annuity Option is shown on page 3. The Owner may choose any form of Annuity Option that is allowed by the Company. The Owner may choose an Annuity Option by written request. This request must be Received by the Company at least 30 days prior to the Annuity Payout Start Date. Several Annuity Options are listed on pages 18 and 19page 18. No Annuity Option can be selected that requires the Company to make periodic payments of less than $20.00100.00. If no Annuity Option is chosen prior to the Annuity Payout Start Date, the Company will use the Life with 10-Year Fixed Period Option. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. CHANGE OF ANNUITY OPTION Prior to the Annuity Payout Start Date, the Owner may change the Annuity Option chosen. The Owner must request the change in writing. This request must be Received by the Company at least 30 days prior to the Annuity Payout Start Date.

Appears in 3 contracts

Samples: Flexible Premium Deferred Variable Annuity Contract (Variflex Ls), Flexible Premium Deferred Variable Annuity Contract (Variflex Signature), Flexible Premium Deferred Variable Annuity Contract (Variflex Ls)

ANNUITY PAYMENTS. The Annuity Option is shown on page 3. The Owner may choose any form of Annuity Option that is allowed by the Company. The Owner may choose an Annuity Option by written request. This request must be Received by the Company at least 30 days prior to the Annuity Payout Commencement Date. Several Annuity Options are listed on pages 18 and page 19. No Annuity Option can be selected that requires the Company to make periodic payments of less than $20.0050. If no Annuity Option is chosen prior to the Annuity Payout Commencement Date, the Company will use the Life with 10-Year Fixed Period Option. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. CHANGE OF ANNUITY OPTION Prior to the Annuity Payout Commencement Date, the Owner may change the Annuity Option chosen. The Owner must request the change in writing. This request must be Received by the Company at least 30 days prior to the Annuity Payout Commencement Date.

Appears in 2 contracts

Samples: Flexible Premium Deferred Variable Annuity Contract (Variflex), Flexible Premium Deferred Variable Annuity Contract (Variflex)

ANNUITY PAYMENTS. The Annuity Option is shown on page 3. The Owner may choose any form of Annuity Option that is allowed by the Company. The Owner may choose an Annuity Option by written request. This request must be Received by the Company at least 30 days prior to the Annuity Payout Date. Several Annuity Options are listed on pages 18 and 19. No Annuity Option can be selected that requires the Company to make periodic payments of less than $20.00100.00. If no Annuity Option is chosen prior to the Annuity Payout Date, the Company will use the Life with 10-Year Fixed Period Option. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. CHANGE OF ANNUITY OPTION Prior to the Annuity Payout Date, the Owner may change the Annuity Option chosen. The Owner must request the change in writing. This request must be Received by the Company at least 30 days prior to the Annuity Payout Date.

Appears in 2 contracts

Samples: Flexible Premium Deferred Variable Annuity Contract (Price T Rowe Variable Annuity Account), Flexible Premium Deferred Variable Annuity Contract (Price T Rowe Variable Annuity Account)

AutoNDA by SimpleDocs

ANNUITY PAYMENTS. The Annuity Option is shown on page 3. The Owner Participant may choose any form of Annuity Option that is allowed by the Company. The Owner Participant may choose an Annuity Option by written request. This request must be Received by the Company at least 30 days prior to the Annuity Payout Commencement Date. Several Annuity Options are listed on pages 18 and 1922-23. No Annuity Option can be selected that requires the Company to make periodic payments of less than $20.00100. If no Annuity Option is chosen prior to the Annuity Payout Commencement Date, the Company will use the Life with 10-Year Fixed Period Option. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. CHANGE OF ANNUITY OPTION Prior to the Annuity Payout Commencement Date, the Owner Participant may change the Annuity Option chosen. The Owner Participant must request the change in writing. This request must be Received by the Company at least 30 days prior to the Annuity Payout Commencement Date.

Appears in 1 contract

Samples: Group Flexible Premium Deferred Variable Annuity Contract (Variflex)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!