Common use of GUARANTEED INTEREST FUND 1 Clause in Contracts

GUARANTEED INTEREST FUND 1. The Company may defer paying contract values of the Guaranteed Interest Fund 1 for up to six months from the effective date of the withdrawal or full surrender. If payment is deferred for 30 days or more, interest will be paid on the withdrawal amounts at an annual effective interest rate in accordance with the laws of the state in which this contract is delivered.

Appears in 3 contracts

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

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GUARANTEED INTEREST FUND 1. The Company may defer paying contract values of the Guaranteed Interest Fund 1 for up to six months from the effective date of the withdrawal or full surrender. If payment is deferred for 30 days or more, interest will be paid on the withdrawal amounts at an annual effective interest rate in accordance with determined by the laws of the state in which this contract is deliveredCompany.

Appears in 2 contracts

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

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GUARANTEED INTEREST FUND 1. The Company may defer paying contract values of from the Guaranteed Interest Fund 1 for up to six months from the effective date of the withdrawal or full surrender. If payment is deferred for 30 days or more, interest will be paid on the withdrawal amounts at an annual effective interest rate in accordance with determined by the laws of the state in which this contract is delivered.Company. ICC12.RR.VA.AFB.(0313) 14

Appears in 1 contract

Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A)

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