Choices to be Made. The Owner may tell Aetna to pay the Individual Account Reserve (minus any charges for premium taxes) as a premium for an Annuity under Options 2, 3, 4, and 5 (see below). The first Annuity payment must generally be made no later than the first day of the month following the Annuitant's 75th birthday. The Owner may tell Aetna to make the first Annuity payment on the first day of any prior month. When any option is chosen, the Owner or beneficiary choosing the option must tell Aetna if payments are to be made other than monthly. They must also tell Aetna to pay:
Choices to be Made. The Certificate Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 2, 3, or 4 (see 4.09). The first Annuity payment may not be earlier than one calendar year after the Purchase Payment nor later than the later of:
Choices to be Made. The Certificate Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 1, 2, or 3 (see 4.04). The first Annuity payment may not be earlier than twelve months after the Purchase Payment. At least 30 days prior to the Annuity Date, the Certificate Holder must tell Aetna which Annuity option is elected. Annuity payments will be made monthly, unless the Certificate Holder elects otherwise in writing. In lieu of the election of an Annuity, the Certificate Holder may elect a lump sum payment. The Annuity purchase rate for the option chosen reflects the Minimum Guaranteed Interest Rate (see Contract Schedule II), but may reflect a higher interest rate.
Choices to be Made. The Contract Holder may tell the Company to apply any portion of the Current Value (minus any premium tax) for an Annuity under Option 2, 3, or 4 (see 4.08). This election must be made in a form acceptable to us within the 90 day period ending on the date payments are to begin. A Contract Holder may revoke an election at any time prior to the date the payments start. In lieu of the election of an Annuity, the Contract Holder may tell us to make a lump sum payment. When an Annuity Option is chosen, we must also be told if payments are to be made other than monthly and whether to pay:
Choices to be Made. The Contract Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 1, 2 or 3 (see 4.04). The first Annuity payment may not be earlier than twelve months after the Purchase Payment At least 30 days prior to the Annuity Date, the Contract Holder must tell Aetna which Annuity option is elected. Annuity payments will be made monthly, unless the Contract Holder elects otherwise in writing. In lieu of the election of an Annuity, the Contract Holder may elect a lump sum payment. The Annuity purchase rate for the option chosen reflects the Minimum Guaranteed Interest Rate (see Contract Schedule II), but may reflect a higher interest rate.
Choices to be Made. An Annuity Option may be elected by telling Aetna to pay all or any portion of the Current Value (minus any premium tax) as a premium for an Annuity under Option 2, 3, or 4 (see 4.06). The first Annuity payment must generally be made no later than the first day of the month following the Annuitant's 75th birthday. Aetna may be told to make the first Annuity payment during any prior month. When an Option is chosen, Aetna must also be told if payments are to be made other than monthly and to pay:
Choices to be Made. The Contract Owner may tell the Company to apply Contract Value (minus any premium tax) for an Annuity payment (see 4.06). This election must be made in a form acceptable to us within the 90 day period ending on the date payments are to begin. A Contract Owner may revoke an election at any time prior to the date the payments start. In lieu of the election of an Annuity payment, the Contract Owner may tell us to make a lump sum payment. When an Annuity Option is chosen, we must also be told if payments are to be made other than monthly. The Company guarantees that interest will be credited at an annual equivalent yield that is at least equal to the annual rate percentage shown on the Contract Schedule. We may add interest daily at any higher rate.
Choices to be Made. You may elect an Annuity option by telling the Company to pay all or any portion of your Individual Accounts Current Value (minus any premium tax) as a premium for an Annuity under Option 2, 3, or 4 (see 4.09). A completed and signed election form must be submitted to the Service Center. The form must include Plan Administrator certification that you are eligible for a distribution under the terms of the Plan and that the Annuity option chosen is permitted under the terms of the Plan. Any election of an Annuity option must comply with the incidental death benefit rules under Code Section 401(a)(9)
Choices to be Made. Aetna will pay the Current Value (minus any premium tax) as a premium for an annuity under Option 4 with no guaranteed period. Any other Annuity Option may be elected by telling Aetna to pay all or any portion of the Current Value (minus any premium tax) as a premium for an Annuity under Option 2, 3, 4 or 5 (see 4.06). The first Annuity payment must generally be made no later than the first day of the month following the Annuitant's 75th birthday. If this Contract is issued under an IRA (see Specifications page), the first Annuity payment must be made not later than December 31 of the year the Annuitant attains age 70 1/2. Aetna may be told to make the first Annuity payment during any prior month. When an Option is chosen, Aetna must also be told whether payments are to be made other than monthly and (except for Option 2) to pay:
Choices to be Made. The Contract Holder may tell the Company, on behalf of a retired or separated Participant, to pay any portion of a Participant's Participant Account (minus any premium tax) as a premium for an Annuity under Option 1 or 2 (see 6.08). The first Annuity payment must generally be made no later than the April 1 of the calendar year following the year in which the Participant turns age 70 1/2 or retires, whichever occurs later. In lieu of the election of an annuity or a Systematic Distribution Option under 5.05, the Contract Holder may tell the Company to make a lump sum payment (see 7.01). When an Annuity Option is chosen, the Company must also be told if payments are to be made other than monthly and to pay:
