Date of Distribution. The Certificate Holder shall specify the initial distribution date. The earliest date for distribution is the date on which the Certificate Holder attains age 59 1/2. As elected by the Certificate Holder, SWO payments will be made on a monthly, quarterly, semi-annual or annual basis. If SWO payments are made more frequently than annually, the designated annual amount is divided by the number of payments due each calendar year. Subsequent distributions will be made on the 15th of any month or such other date Aetna may designate or allow.
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Samples: Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Date of Distribution. The Certificate Holder shall specify the initial distribution date. The earliest date for distribution is the date on which the Certificate Holder attains age 59 59-1/2. As elected by the Certificate Holder, SWO payments will be made on a monthly, quarterly, semi-annual or annual basis. If SWO payments are made more frequently than annually, the designated annual amount is divided by the number of payments due each calendar year. Subsequent distributions will be made on the 15th of any month or such other date Aetna may designate or allow.
Appears in 2 contracts
Samples: Insurance Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Insurance Contract (Variable Annuity Account I of Aetna Insurance Co of America)
Date of Distribution. The Certificate Holder shall specify the initial distribution date. The earliest date for distribution is the first date on which the Certificate Holder attains age 59 1/2. The latest allowable SWO payment date is the month of the Certificate Holder's 85th birthday. As elected by the Certificate Holder, SWO payments will be made on a monthly, quarterly, semi-annual or annual basis. If SWO payments are made more frequently than annually, the designated annual amount is divided by the number of payments due each calendar year. Subsequent distributions will be made on the 15th of any month or such other date Aetna may designate or allow.
Appears in 1 contract
Samples: Group Annuity Certificate (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Date of Distribution. The Certificate Holder shall specify the initial distribution date. The earliest date for distribution is the first date on which the Certificate Holder attains age 59 1/2. The latest allowable SWO payment date is the month of the Certificate Holder's 85th birthday. As elected by the Certificate Holder, SWO payments will be made on a monthly, quarterly, semi-semi- annual or annual basis. If SWO payments are made more frequently than annually, the designated annual amount is divided by the number of payments due each calendar year. Subsequent distributions will be made on the 15th of any month or such other date Aetna may designate or allow.
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Date of Distribution. The Certificate Holder Options (Cont'd): shall specify the initial distribution date. The earliest date for distribution is the first date on which the Certificate Holder attains age 59 1/2. As elected by the Certificate Holder, SWO payments will be made on a monthly, quarterly, semi-annual or annual basis. If SWO payments are to be made more frequently than annually, the designated annual amount is divided by the number of payments due each calendar year. Subsequent distributions will be made on the 15th of any month or such other date Aetna may designate or allow.
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