Common use of DESCRIPTION OF PAYMENT PLANS Clause in Contracts

DESCRIPTION OF PAYMENT PLANS. INSTALLMENT INCOME FOR SPECIFIED PERIOD (OPTION B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 10 to 30 years during the first five contract years and over a specified period of 5 to 30 years beginning with the sixth contract year. LIFE INCOME PLANS

Appears in 5 contracts

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account A), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

AutoNDA by SimpleDocs

DESCRIPTION OF PAYMENT PLANS. INSTALLMENT INCOME FOR SPECIFIED PERIOD (OPTION B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 10 to 30 years during the first five contract years and over a specified period of 5 to 30 years beginning with the sixth contract year. LIFE INCOME PLANS.

Appears in 2 contracts

Samples: Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B), Flexible Payment Variable Annuity Contract (NML Variable Annuity Account B)

AutoNDA by SimpleDocs

DESCRIPTION OF PAYMENT PLANS. INSTALLMENT INCOME FOR SPECIFIED PERIOD Installment Income For Specified Period (OPTION Option B) The Company will make monthly installment income payments providing for payment of benefits over a specified period of 10 to 30 years during the first five contract years and over a specified period of 5 to 30 years beginning with the sixth contract year. LIFE INCOME PLANSLife Income Plans

Appears in 1 contract

Samples: Flexible Payment Variable Annuity Agreement (NML Variable Annuity Account B)

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