Common use of ELECTION/REPORT FOR ANNUITY BENEFIT Clause in Contracts

ELECTION/REPORT FOR ANNUITY BENEFIT. An election to have the Cash Value paid in the form of an Annuity Benefit can only be made if the Cash Value is at least $2,000. The Employer will report to us each Participant or other person with respect to whom an Annuity Benefit is to be provided under this Contract and whether all or a portion of the Cash Value is to be used for such Annuity Benefit. The report must be made before the first payment under such Annuity Benefit and must be in the form prescribed by us and will include all pertinent facts and determinations requested by us. We will rely on the reports and other information furnished by the Employer and will not inquire as to the accuracy or completeness thereof.

Appears in 4 contracts

Samples: Separate Account a of Equitable Life Assu Soc of the Us, Separate Account a of Axa Equitable Life Insurance Co, Separate Account a of Axa Equitable Life Insurance Co

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