Annuity Payout Benefit. The Annuity Payout Benefit is a series of periodic payments made under a Payout Option. The Annuity Payout Benefit is payable under this Contract if the Annuity Payout Initiation Date is reached before the earlier of:
Appears in 11 contracts
Samples: Individual Deferred Variable Annuity Contract (Massmutual Ascend Life Insurance Co), Individual Deferred Variable Annuity Contract (Massmutual Ascend Life Insurance Co), Individual Deferred Annuity Contract (Massmutual Ascend Life Insurance Co)