Common use of Elections and Revocation Clause in Contracts

Elections and Revocation. SWO may be elected by the Owner on the Participant's behalf by submitting a completed and signed election form to Aetna's Home Office. Once elected, this option may be revoked by the Owner by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. SWO may be elected only once.

Appears in 3 contracts

Samples: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Variable Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

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Elections and Revocation. SWO may be elected by the Owner on the Participant's behalf Contract Holder by submitting a completed and signed election form to Aetna's Home Office. The Contract Holder must certify in writing that the distribution is in accordance with the terms of the Plan. Once elected, this option may be revoked by the Owner Contract Holder by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. SWO may be elected only onceonce on your behalf.

Appears in 1 contract

Samples: Group Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

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