Common use of Correction Of Payments Clause in Contracts

Correction Of Payments. Once Annuity Payments have begun and we later discover that the age or sex of an Annuitant or Contingent Annuitant has been misstated, the payment shall be adjusted based on the correct age and sex from the date payments began. If we underpaid, we will pay the underpaid amount in full with the next Annuity Payment. If we overpaid, we shall deduct the overpayments from future Annuity Payments until we are repaid in full.

Correction Of Payments. Once Annuity Payments annuity payments have begun and we later ---------------------- discover that the age or sex gender of an Annuitant or Contingent Annuitant has been misstated, the payment shall be adjusted based on the correct age and sex gender from the date payments began. If we underpaid, we will pay the underpaid amount in full with the next Annuity Paymentannuity payment. If we overpaid, we shall deduct the overpayments from future Annuity Payments annuity payments until we are repaid in full.