Common use of Annuity Start Date Clause in Contracts

Annuity Start Date. The Annuity Start Date is the date as of which the first Annuity Payment is computed under one of the Annuity Options. The Annuity Start Date shall not precede the third Contract Anniversary. The Owner may elect the Annuity Start Date at the time of application. If no Annuity Start Date is selected, SBL will use the later of the: the oldest Annuitant's seventieth birthday; or the tenth Contract Anniversary. The Annuity Start Date must be prior to the oldest Annuitant's 95th birthday.

Appears in 2 contracts

Samples: Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii)

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Annuity Start Date. The Annuity Start Date is the date as of which the first Annuity Payment is computed under one of the Annuity Options. The Annuity Start Date shall not precede be earlier than the third 12-month anniversary of the Contract AnniversaryDate. The Owner may elect the Annuity Start Date at the time of application. If no Annuity Start Date is selected, SBL FSBL will use the later of the: the oldest Annuitant's seventieth birthday; or the tenth Contract Anniversary. The Annuity Start Date must be prior to the later of the oldest Annuitant's 95th birthday90th birthday or the tenth Contract Anniversary.

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account B)

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Annuity Start Date. The Annuity Start Date is the date as of which the first Annuity Payment is computed under one of the Annuity Options. The Annuity Start Date shall not precede be earlier than the third 12-month anniversary of the Contract AnniversaryDate. The Owner may elect the Annuity Start Date at the time of application. If no Annuity Start Date is selected, SBL FSBL will use the later of theof: the oldest Annuitant's seventieth birthday; or the tenth Contract Anniversary. The Annuity Start Date must be prior to the later of the oldest Annuitant's 95th birthday90th birthday or the tenth Contract Anniversary.

Appears in 1 contract

Samples: Flexible Premium Deferred Variable Annuity Contract (Variable Annuity Account B)

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