INCORRECT AGE OR SEX. If the age or sex of the Owner or Annuitant is incorrect, the payments will be those that the Premiums paid would have purchased at the correct age and sex. Any underpayments or overpayments will be adjusted immediately by the Company using an interest rate of 6.00% either as a credit to or charge against the next succeeding payment by the Company.
Appears in 5 contracts
Samples: Annuity Contract (Jnlny Separate Account I), Annuity Contract (Jnlny Separate Account I), Annuity Contract (Jnlny Separate Account I)
INCORRECT AGE OR SEX. If the age or sex of the Owner or Annuitant is incorrect, the payments will be those that the Premiums paid would have purchased at the correct age and sex. Any underpayments or overpayments will be adjusted immediately by the Company using an interest rate of 6.00% either as a credit to or charge against the next succeeding payment by the Company. Overpayments will be deducted from future payments.
Appears in 5 contracts
Samples: Annuity Contract (Jackson National Separate Account - I), Annuity Contract (Jackson National Separate Account - I), Annuity Contract (Jackson National Separate Account - I)
INCORRECT AGE OR SEX. If the age or sex of the Owner or Annuitant is incorrect, the payments will be those that the Premiums paid would have purchased at the correct age and sex. Any underpayments or overpayments will be adjusted immediately by the Company using an interest rate of 6.003% either as a credit to or charge against the next succeeding payment by the Company.
Appears in 3 contracts
Samples: Annuity Contract (Jnlny Separate Account I), Annuity Contract (Jnlny Separate Account I), Annuity Contract (Jnlny Separate Account I)
