Issue Age. Issue age is based on individual owner. If joint owners, issue age is based on oldest owner’s age. Commissions for subsequent premiums will be based on the owner’s issue age, not attained age. In the case of a non-natural entity owner, the issue age will be based on the annuitant’s age. The Insurer reserves the right to adjust commissions in response to ownership changes (annuitant changes for Contracts with non-natural owners) if the age of the new owner/annuitant on whose life the Death Benefit of the Contract is based, would have paid a different commission rate at issue, had the new owner/annuitant been the original owner/annuitant.
Issue Age. The age of the Owner on their last birthday before the Issue Date. If the Owner is a non-natural entity, the Issue Age will be based on the age of the Annuitant on the last birthday before the Issue Date. The Annuitant’s Issue Age is shown on the Specifications Page.
Issue Age. The age as of the last birthday of the oldest Owner on the Issue Date, or Annuitant, as applicable.
Issue Age. The Annuitant's age as of his or her nearest birthday on the Date of Issue.
Issue Age. Age on the Contract Date. Issue Date - The date the Contract is issued at our Customer Service Center as shown in the Schedule. Market Value Adjustment - A positive or negative adjustment to a Fixed Allocation which may apply if all or part of a Fixed Allocation is withdrawn, transferred, or applied to an Annuity Option prior to the end of the Guarantee Period. IU- IA-3040 4 Important Terms (continued)
Issue Age. As of the Date of Issue, the age of the Annuitant on the Annuitant's last birthday. (If the Date of Issue occurs on the Annuitant's birthday, "last birthday" will mean the birthday occurring on the Date of Issue).
Issue Age. Issue Age is the Insured's age on the last birthday on or before the Policy Date. It is shown on the Policy Data Page.
Issue Age. The Insured’s age as of the nearest birthday on the Policy Effective Date.
Issue Age. Issue Age is the Insured's age on the last birthday on or before the Policy Date. It is shown on the Policy Data Page. MANAGED ACCOUNT OPTION: A Managed Account Option is a Subaccount that holds more than one Fund or assets other than Funds.
