Common use of Base Income Clause in Contracts

Base Income. 6.3.1 The Certificate Owner(s) may elect Base Income payments at any time prior to the maximum annuity age as shown on the Data Pages. We will make Base Income payments in accordance with the Income Plan as shown on the Data Pages. For each Certificate, the Premium for the Base Income payments is equal to the Account Value on the Annuity Date. Once the Premium is paid to us, the Withdrawal Guarantee will be reduced to zero.

Appears in 2 contracts

Samples: Genworth Life & Annuity Insurance Co, Genworth Life & Annuity Insurance Co

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Base Income. 6.3.1 The Certificate Owner(s) may elect Base Income payments at any time prior to the maximum annuity age as shown on the Data Pages. We will make Base Income payments in accordance with the Income Plan as shown on the Data Pages. For each Certificate, the Premium for the Base Income payments is equal to the Account Value on the Annuity Date. Once the Premium is paid to us, the Withdrawal Guarantee will be reduced to zero.. MP7170 5/07 VA 12

Appears in 1 contract

Samples: Genworth Life & Annuity Insurance Co

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Base Income. 6.3.1 The Certificate Owner(s) may elect Base Income payments at any time prior to the maximum annuity age as shown on the Data Pages. We will make Base Income payments in accordance with the Income Plan as shown on the Data Pages. For each Certificate, the Premium for the Base Income payments is equal to the Account Value on the Annuity Date. Once the Premium is paid to us, the Withdrawal Guarantee will be reduced to zero.. MP7170 5/07 12

Appears in 1 contract

Samples: Genworth Life & Annuity Insurance Co

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