Joint Life Sample Clauses

Joint Life. Income This Option is available if there are two persons named to receive payments. At least one of the persons named must be either the Owner of Beneficiary of this Contract. Monthly payments are guaranteed and are made as long as at least one of the named persons is living. The monthly payment amounts are available upon request. Such amounts are guaranteed and will be calculated on the same basis as the Table for Income for Life, however, the amounts will be based on two lives.

Joint Life. Income This Option is available if there are two Annuitants, one of whom is designated the Primary Annuitant and the other the Secondary Annuitant. Monthly payments continue as long as at least one of the Annuitants is living based on one of the following, as elected by you: ( a) Payments continue as long as either Annuitant is living; (b) Payments continue for a period certain and continue thereafter as long as either Annuitant is living. The period certain may be 10, 20 or 30 years as specified by you;

Joint Life. Income This Option is available if there are two Annuitants, one of whom is designated the Primary Annuitant and the other the Secondary Annuitant. Monthly payments continue as long as at least one of the Annuitants is living based on one of the following, as elected by you: ( a) Payments continue as long as either Annuitant is living; (b) Payments continue for a period certain and continue thereafter as long as either Annuitant is living. The period certain may be between 5 and 30 years as specified by you; (c) Payments continue as long as either Annuitant is living. At the death of both Annuitants, the difference between the sum of the payments made and the Accumulation Value applied to this option is paid to the Beneficiary in a lump sum. This "Cash Refund" feature is available only if the total amount applied to the Option is taken as a Fixed Annuity payment. If Fixed Annuity Payments are chosen under Options 1, 2(a), 2(b), 3(a) or 3(b), you may also elect to have payments increase annually at 1%, 2% or 3% compounded annually. Payment may be made under any other method mutually agreed upon by you and us. Minimum Annuity Income Payment The minimum initial monthly annuity income payment that we will make is $50. The minimum total income payments in any one year is $250. We have the right to increase these minimums based upon increases reflected in the Consumer Price Index - Urban (CPI-U) since July 1, 1993. PAYMENT WHEN NAMED PERSON DIES (1) For Option 1, or for any remaining guaranteed payments in Option 2 or Option 3, payments will be continued. (2) For Option 2a, no amounts are payable after the Annuitant's death.

Joint Life. [REDACTED] The pool maximum Automatic Binding amounts above include the Ceding Company’s Retention per insured. For the Joint Last Survivor plan, conditions for determining Automatic Binding Limit are found under Exhibit H.

Joint Life. Income This Option is available if there are two Annuitants, one of whom is designated the Primary Annuitant and the other the Secondary Annuitant. Monthly payments continue as long as at least one of the Annuitants is living based on one of the following, as elected by the Certificate Owner. (a) Payments continue as long as either Annuitant is living; (b) Payments continue for a period certain and continue thereafter as long as either Annuitant is living. The period certain may be between 5 and 30 years as specified by Certificate Owner; (c) Payments continue as long as either Annuitant is living. At the death of both Annuitants, the difference between the sum of the payments made and the Accumulation Value applied to this option is paid to the Beneficiary in a lump sum. This "Cash Refund" feature is available only if the total amount applied to the Option is taken as a Fixed Annuity payment.. If Fixed Annuity Payments are chosen under Options 1, 2(a), 2(b), 3(a) or 3(b), the Certificate Owner may also elect to have payments increase annually at 1%, 2% or 3% compounded annually. Payment may be made under any other method mutually agreed upon by the Certificate Owner and us. PAYMENT WHEN NAMED PERSON DIES (1) For Option 1, or for any remaining guaranteed payments in Option 2 or Option 3, payments will be continued. (2) For Option 2a, no amounts are payable after the Annuitant's death. (3) For Option 3a, no amounts are payable after the death of both Annuitants. IU-MP-3014 31 OTHER IMPORTANT INFORMATION -------------------------------------------------------------------------------- ENTIRE CONTRACT This Contract, including any attached Rider, Endorsement, amendment and the application of the contractholder, constitute the entire Contract between the contractholder and us. All statements made by the contractholder, any certificate Owner or any annuitant will be deemed representations and not warranties. SENDING NOTICE TO US Whenever written notice is required, it should be sent to our Customer Service Center.

Joint Life. Income This Option is available if there are two persons named to receive payments. At least one of the persons named must be either the Owner or Beneficiary of this Contract. Monthly payments are guaranteed and are made as long as at least one of the named persons is living. The monthly payment amounts are available upon request. Such amounts are guaranteed and will be calculated on the same basis as the Table for Income for Life, however, the amounts will be based on two lives. The minimum rates for Option 1 are based on 3% interest, compounded annually. The minimum rates for Options 2 and 3 are based on 3% interest, compounded annually, and the Annuity 2000 Mortality Table. We may pay a higher rate at our discretion. PAYMENT WHEN NAMED PERSON DIES (1) For Option 1 or for any remaining guaranteed payments in Option 2, payments will be continued. (2) For Option 3, no amounts are payable after both named persons have died. GA-IA-1070 13 6/00 OTHER IMPORTANT INFORMATION ---------------------------------------------------------------------------- ENTIRE CONTRACT This Contract, including any attached rider, endorsement, or amendment constitutes the entire Contract between you and us. All statements made by any Owner or any Annuitant will be deemed representations and not warranties. SENDING NOTICE TO US Whenever written notice is required, send it to our Customer Service Center. The address of our Customer Service Center is shown on the cover page. Please include your Contract number in all correspondence.

Joint Life. For the Joint Last Survivor plan, conditions for determining Automatic Binding Limit are found under Exhibit H.

Joint Life. For the Joint Last Survivor plan, conditions for determine Jumbo Limit are found under Exhibit H. [REDACTED] (000) 00000-00-00 05/9/2017

Joint Life. Standard annual reinsurance premiums, per $1000 reinsured for the riders listed below, shall be the same rates as for the base plan. Additional Protection Benefit Rider Estate Preservation Rider Enhanced Death Benefit Rider* Automatic Increase Rider* *Reinsurance rates for these riders shall be based on the original issue age, duration since issuance of the rider and the original underwriting classification.

Joint Life second death Cash Value Insurance Contracts Joint life second death Cash Value Insurance Contracts are sometimes taken out by spouses. Such policies insure both parties, but do not pay out on the death of the first person. Instead the policy remains in force until the other person has died or the policy is surrendered. Where one of the policyholders whose life is insured is a Specified US Person (and the other is not a Specified US Person) this will be a Reportable Account which is reported annually. If the Specified US Person dies during the term of the insurance it will cease to be a Reportable Account.