Common use of Guaranteed Term Clause in Contracts

Guaranteed Term. The period of time specified by Aetna for which a specific Guaranteed Rate(s) is offered on amounts invested during a specific Deposit Period. Guaranteed Terms are made available subject to Aetna's terms and conditions, including, but not limited to, Aetna's right to restrict allocations to new Purchase Payments (such as by prohibiting Transfers into a particular Guaranteed Term from any other Guaranteed Term or from any of the Subaccounts, or by prohibiting Reinvestment of a Matured Term Value to a particular Guaranteed Term). More than one Guaranteed Term of the same duration may be offered within the Contract.

Appears in 4 contracts

Samples: Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Group Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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Guaranteed Term. The period of time specified by Aetna for which a specific Guaranteed Rate(s) is offered on amounts invested during a specific Deposit Contribution Period. Guaranteed Terms are made available subject to Aetna's terms and conditions, including, but not limited to, Aetna's right to restrict allocations to new Purchase Payments (such as by prohibiting Transfers into a particular Guaranteed Term from any other Guaranteed Term or from any of the Subaccounts, or by prohibiting Reinvestment of a Matured Term Value to a particular Guaranteed Term). More than one Guaranteed Term of the same duration may be offered within the Contract.

Appears in 2 contracts

Samples: Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Variable Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

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