INSTALLMENT REFUND. We will make payments for a period certain and after that during the lifetime of the annuitant. No payments are due after the death of the annuitant or, if later, the end of the period certain. The number of period certain payments is equal to the amount applied under this Installment Refund Option divided by the amount of the first annuity payment; provided, however, that the amount of the final period certain payment shall be multiplied by that part of the preceding quotient which is not an integer.
Appears in 4 contracts
Samples: Annuity Contract (Carillon Account), Insurance Contract (Carillon Account), Annuity Contract (Carillon Account)
INSTALLMENT REFUND. We will make payments for a period certain and after that during the lifetime of the annuitantAnnuitant. No payments are due after the death of the annuitant Annuitant or, if later, the end of the period certain. The number of period certain payments is equal to the amount applied under this Installment Refund Option installment refund option divided by the amount of the first annuity payment; provided, however, that the amount of the final period certain payment shall be multiplied by that part of the preceding quotient which is not an integer.. JOINT AND SURVIVOR LIFE ANNUITY
Appears in 3 contracts
Samples: Variable Deferred Annuity Contract (Ohio National Variable Account A), Variable Deferred Annuity Contract (Ohio National Variable Account A), Variable Deferred Annuity Contract (Ohio National Variable Account A)
INSTALLMENT REFUND. We will make annuity payments for a period certain and after that during the lifetime of the annuitantAnnuitant. No payments are due after the death of the annuitant Annuitant or, if later, the end of the period certain. The number of period period-certain payments is equal to the amount applied under this Installment Refund Option installment refund option divided by the amount of the first annuity payment; provided, however, that the amount of the final period period-certain payment shall be multiplied by that part of the preceding quotient which that is not an integer.
Appears in 3 contracts
Samples: Variable Deferred Annuity Contract (Ohio National Variable Account A), Variable Deferred Annuity Contract (Ohio National Variable Account A), Variable Deferred Annuity Contract (Ohio National Variable Account A)
INSTALLMENT REFUND. We will make payments for a period certain and after that during the lifetime of the annuitant. No payments are due after the death of the annuitant or, if later, the end of the period certain. The number of period certain payments is equal to the amount applied under this Installment Refund Option divided by the amount of the first annuity payment; provided, however, that the amount of the final period certain payment shall be multiplied by that part of the preceding quotient which is not an integera whole number.
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