Common use of ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS Clause in Contracts

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's Retirement Date, provided the Annuitant is then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, (i) to have the Cash Value paid in a single sum, (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other form offered by us or one of our affiliated or subsidiary life insurance companies, as elected by you or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury Regulations, pursuant to Section 3.05, and subject to our rules then in effect. Notice and election forms will be provided to you not more than six months prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract pursuant to Section 2.06, you may elect to have an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As Subject to the terms of the Annuitant's Plan including the spousal consent and survivor rules designated in Section 3.06, as of your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, Owner elects (i) to have receive the Cash Value paid in a single sum, sum or (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other annuity form offered by us us, or one of our affiliated or subsidiary life insurance companies, as elected by you or (iii) to take partial withdrawals in amounts and at times as required by the minimum distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury Regulations, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you the Owner not more than six months prior to the before your Retirement Date. (On your prior written request we will also provide notice and election forms directly to If the Annuitant). If you elect prior to the Annuitant's Retirement Date Owner elects to terminate this Contract pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you the Owner to furnish pertinent information to provide an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies. We will make payment of the Annuity Benefit, Partial Withdrawals or Cash Value to a payee as the Owner designates in writing.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, elect (i) to have receive the Cash Value paid of this Contract in a single sum, sum or (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other form offered by us us, or one of our affiliated or subsidiary life insurance companies, as elected by you you, or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury Regulationsand, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you not more than six months before your Retirement Date. If you elect to terminate this Contract, prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract , pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, Benefit and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form Form, issued by us or one of our affiliated or subsidiary life insurance companies.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's Retirement Date, provided the Annuitant is then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, (i) to have the Cash Value paid in a single sum, (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other form offered by us or one of our affiliated or subsidiary life insurance companies, as elected by you or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury Regulations, pursuant to Section 3.05, and subject to our rules then in effect. Notice and election forms will be provided to you not more than six months prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). .) If you elect prior to the Annuitant's Retirement Date to terminate this Contract pursuant to Section 2.06, you may elect to have an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, elect (i) to have receive the Cash Value paid of this Contract in a single sum, sum or (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other form offered by us us, or one of our affiliated or subsidiary life insurance companies, as elected by you you, or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury Regulationsand, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you not more than six months before your Retirement Date. If you elect to terminate this Contract, prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract , pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu Lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, Benefit and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form Form, issued by us or one of our affiliated or subsidiary life insurance companies.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's Retirement Date, provided the Annuitant is then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, (i) to have the Cash Value paid in a single sum, (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other form offered by us or one of our affiliated or subsidiary life insurance companies, as elected by you or (iii) to take partial withdrawals distributions or payments in amounts and at times as required by the distribution rules of Section Sections 457(d) and 401(a)(9) of the Code and applicable Treasury Regulations, pursuant to Section 3.05, and subject to our rules then in effect. Notice and election forms will be provided to you not more than six months prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). .) If you elect prior to the Annuitant's Retirement Date to terminate this Contract pursuant to Section 2.06, you may elect to have an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, elect (i) to have receive the Cash Value paid in a single sum, sum or (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other annuity form offered by us us, or one of our affiliated or subsidiary life insurance companies, as elected by you you, or (iii) to take partial withdrawals pursuant to Section 2.07 in the amounts and at times as required by the minimum distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury Regulations, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you not more than six months prior to the before your Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract Contract, pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies. An election to receive Annuity Benefits in accordance with this Section is subject to the spousal consent and spousal survivor rules set forth in Section 3.06 of this Contract.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, elect (i) to have receive the Cash Value paid in a single sum, or (ii) to apply the Annuity Account Value Value, or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other annuity form offered by us us, or one of our affiliated or subsidiary life insurance companies, as elected by you you, or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury RegulationsCode, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you not more than six months before your Retirement Date. If you elect to terminate this Contract, prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract , pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of unless restricted by the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by youPlan. We will have the right to require that you to furnish pertinent information to provide an Annuity Benefit, and we will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies. If the issuance of this Contract is pursuant to a Plan subject to Title I of ERISA, the rules set forth in Section 3.06 shall apply to your election and the commencement of annuity benefits.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, elect (i) to have receive the Cash Value paid of this Contract in a single sum, sum or (ii) to apply the Annuity Account Value or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other form offered by us us, or one of our affiliated or subsidiary life insurance companies, as elected by you you, or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury RegulationsCode, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you not more than six months before your Retirement Date. If you elect to terminate this Contract, prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract , pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by you. We will have the right to require you to furnish pertinent information to provide an Annuity Benefit, Benefit and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form Form, issued by us or one of our affiliated or subsidiary life insurance companies.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's your Retirement Date, provided the Annuitant is you are then living, the Annuity Account Value shall be applied to provide the Normal Form of Annuity Benefit, unless you elect, subject to the terms of the Plan and the provisions of the Code, elect (i) to have receive the Cash Value paid in a single sum, sum or (ii) to apply the Annuity Account Value Value, or Cash Value, whichever is applicable pursuant to the first paragraph of Section 3.04, to provide an Annuity Benefit on any other annuity form offered by us us, or one of our affiliated or subsidiary life insurance companies, companies as elected by you you, or (iii) to take partial withdrawals in amounts and at times as required by the distribution rules of Section 457(d) and 401(a)(9) of the Code and applicable Treasury RegulationsCode, pursuant to Section Sections 2.07 and 3.05, and subject to our rules then in effecteffect and any other applicable requirements under the Code. Notice We will provide notice and election forms will be provided to you not more than six months before your Retirement Date. If you elect to terminate this Contract, prior to the Retirement Date. (On your prior written request we will also provide notice and election forms directly to the Annuitant). If you elect prior to the Annuitant's Retirement Date to terminate this Contract , pursuant to Section 2.06, you an election may elect be made to have receive an Annuity Benefit paid in lieu of the Cash Value. If your Plan permits and you provide us written instructions to do so in advance of payment, we will make payment of unless restricted by the Cash Value, Annuity Benefits or partial withdrawals directly to the Annuitant, Substituted Beneficiary or other payee designated by youPlan. We will have the right to require that you to furnish pertinent information to provide an Annuity Benefit, and we will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof. The applicable Annuity Benefit will be provided pursuant to Sections 3.04 and 3.05. We may offer annuity forms other than the Life Annuity Form or Joint and Survivor Life Annuity Form issued by us or one of our affiliated or subsidiary life insurance companies. If the issuance of this Contract is pursuant to a Plan subject to Title I of ERISA, the rules set forth in Section 3.06 shall apply to your election and the commencement of annuity benefits.