Commuted Value. The present value of the remaining guaranteed Annuity Payments, under Option Six (Payment for a Period Certain). The present value is computed using the AIR for the Contract and the Annuity Unit value(s) calculated as of the date that We receive a fully completed request for surrender and, in the event of the Annuitant's death, Due Proof of Death of the Annuitant.
Appears in 4 contracts
Samples: Individual Flexible Premium Variable Annuity Contract (Hartford Life & Annuity Insurance Co Separate Account Seven), Individual Flexible Premium Variable Annuity Contract (Itt Hartford Life & Annuity Insurance Co Separate Account On), Individual Flexible Premium Variable Annuity Contract (Itt Hartford Life & Annuity Insurance Co Separate Account On)
Commuted Value. The present value of the remaining guaranteed Annuity Payments, under Option Six (Payment for a Period Certain). The present value is computed using the AIR for the Contract and the Annuity Unit value(s) calculated as of the date that We receive a fully completed request for surrender and, in the event of the Annuitant's ’s death, Due Proof of Death of the Annuitant.
Appears in 3 contracts
Samples: Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Individual Flexible Premium Variable Annuity Contract (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Individual Flexible Premium Variable Annuity Contract (Hartford Life Insurance Co Separate Account Two)
