Deferment. The use of proceeds to provide a payment of a Death Benefit and payment of any portion of the Annuity Account Value will be made within seven days after the Transaction Date of the request. Payments or proceeds from the Variable Investment Options can be deferred for any period during which (1) the New York Stock Exchange is closed or trading is restricted, (2) sales of securities or determination of the fair value of a Variable Investment Option’s assets is not reasonably practicable because of an emergency, or (3) the Securities and Exchange Commission, by order, permits us to defer payment in order to protect persons with interests in the Variable Investment Options.
Appears in 4 contracts
Samples: Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co)
