EXPIRATION OF THE GUARANTEE. At the end of the Duration of a Guarantee, AXA Equitable will assign the Accrued Value with respect to that Guarantee (i) to the Guarantee of similar Duration to which Contributions are being assigned during the Contribution Quarter next following, (ii) if no Guarantee of similar Duration is being offered, to the Guarantee with the shortest Duration being offered, or (iii) as elected by the Annuitant pursuant to instructions received on or before the end of the Guarantee.
Appears in 3 contracts
Samples: Individual Retirement Annuity Contract (Separate Account No 301 of Axa Equitable Life Insurance Co), Separate Account No 301 of Axa Equitable Life Insurance Co, Separate Account No 301 of Axa Equitable Life Insurance Co
EXPIRATION OF THE GUARANTEE. At the end of the Duration of a Guarantee, AXA Equitable will assign the Accrued Value with respect to that Guarantee (i) to the Guarantee of similar Duration to which Contributions contributions are being assigned during the Contribution Quarter next following, (ii) if no Guarantee of similar Duration is being offered, to the Guarantee with the shortest Duration being offered, or (iii) as elected by the Annuitant Participant pursuant to instructions received on or before the end of the Guarantee.
Appears in 1 contract
Samples: Separate Account No 301 of Axa Equitable Life Insurance Co
