Life Income Plans. An optional mode of settlement in which the annuity value is paid out in a series of payments based on the lives of either one or two individuals. If payments are based on the life of one individual, the plan is a Single Life Income plan and if it is based on the lives of two individuals, the plan is a Joint Life Income plan. MATURITY DATE. The date upon which contract benefits will become payable. NET PURCHASE PAYMENT. A Purchase Payment less all applicable deductions. Deductions may include the Sales Load and a Premium Tax.
Appears in 2 contracts
Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A), Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B)
Life Income Plans. An optional mode of settlement in which the annuity value is paid out in a series of payments based on the lives of either one or two individuals. If payments are based on the life of one individual, the plan is a Single Life Income plan and if it is based on the lives of two individuals, the plan is a Joint Life Income plan. MATURITY DATE. The date upon which contract benefits will become payable. NET PURCHASE PAYMENT. A Purchase Payment less all applicable deductions. Deductions may include the Sales Load and a Premium Tax.
Appears in 1 contract
Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A)
Life Income Plans. An optional mode of settlement in which the annuity value is paid out in a series of payments based on the lives of either one or two individuals. If payments are based on the life of one individual, the plan is a Single Life Income plan and if it is based on the lives of two individuals, the plan is a Joint Life Income plan. MATURITY DATE. The date upon which contract benefits will become payable. NET PURCHASE PAYMENT. A Purchase Payment less all applicable deductions. Deductions may include the Sales Load and a Premium TaxTaxes.
Appears in 1 contract
Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account A)
Life Income Plans. An optional mode of settlement in which the annuity value is paid out in a series of payments based on the lives of either one or two individuals. If payments are based on the life of one individual, the plan is a Single Life Income plan and if it is based on the lives of two individuals, the plan is a Joint joint Life Income plan. MATURITY DATE. The date upon which contract benefits will become payable. NET PURCHASE PAYMENT. A Purchase Payment less all applicable deductions. Deductions may include the Sales Load and a Premium Tax.
Appears in 1 contract
Samples: Flexible Payment Deferred Variable Annuity Contract (NML Variable Annuity Account B)
