Common use of Annuity Purchases Clause in Contracts

Annuity Purchases. Prior to notification of Contract termination, the Contractholder may withdraw all or a portion of your Account Value (subject to Section 7.5) to provide an annuity, reflecting Plan benefits. Such a withdrawal is not subject to a Withdrawal Charge. On receipt of an annuity purchase request, we transfer your entire Participant Account to a suspense account. These amounts remain in the suspense account until your Annuity Commencement Date, when the full balance (including interest) is applied to purchase the annuity. The Contractholder's annuity purchase request must specify the purpose for the annuity, the election of an annuity option, Annuity Commencement Date, any contingent annuitant or beneficiary, and any additional information we require. If you or any contingent annuitant dies before the Annuity Commencement Date, the annuity election is cancelled. The minimum amount which the Contractholder may apply to purchase an annuity is $5,000.

Annuity Purchases. Prior to notification of Contract contract termination, the Contractholder you may withdraw all or a portion of your a Participant's Account Value (subject to Section 7.5) to provide an annuity, reflecting Plan benefits. Such a withdrawal is not subject to a Withdrawal Charge. On receipt of an annuity purchase request, we transfer your the entire Participant Account to a suspense account. These Such amounts remain in the suspense account until your the Annuity Commencement Date, when the full balance (including interest) is applied to purchase the annuity. The Contractholder's Your annuity purchase request must specify the purpose for the annuity, the election of an annuity option, Annuity Commencement Date, any contingent annuitant or beneficiary, and any additional information we require. If you the Participant or any contingent annuitant dies before the Annuity Commencement Date, the annuity election is cancelled. The minimum amount which the Contractholder you may apply to purchase an annuity is $5,000.

Annuity Purchases. Prior to notification of Contract termination, the Contractholder The Participant may withdraw all or a portion of your his Account Value (subject to Section 7.57.4) to provide an annuity, reflecting Plan benefits. Such a withdrawal is not subject to a Withdrawal Charge. On receipt of an annuity purchase request, we transfer your the entire Participant Account to a suspense account. These Such amounts remain in the suspense account until your the Annuity Commencement Date, when the full balance (including interest) is applied to purchase the annuity. The ContractholderParticipant's annuity purchase request must specify the purpose for the annuity, the election of an annuity option, Annuity Commencement Date, any contingent annuitant or beneficiary, and any additional information we require. If you the Participant or any contingent annuitant dies before the Annuity Commencement Date, the annuity election is cancelled. The minimum amount which the Contractholder Participant may apply to purchase an annuity is $5,000.