Common use of Date Annuity Payments Begin Clause in Contracts

Date Annuity Payments Begin. Annuity payments begin on the Annuity Date, if the Annuitant is living and the Contract is active. Once annuity payments begin, no changes can be made to the Annuity Option, no Subsequent Purchase Payments will be accepted, and no Withdrawals will be allowed.

Appears in 5 contracts

Samples: Insurance Contract (Pacific Life Insurance Co), Contract (Separate Account a of Pacific Life & Annuity Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!