MARKET VALUE LUMP SUM ALTERNATIVE. If you elect this Alternative, we will pay you the discounted present value of the [six (6)] equal installments described above in a single lump sum payment. We may defer payment for a period that is not longer than [90] days from the date you elect this Alternative in writing. The single lump sum payment will be equal to the greater of:
Appears in 3 contracts
Samples: Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve), Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve), Group Variable Funding Agreement (Hartford Life Insurance Co- Separate Account Twelve)
MARKET VALUE LUMP SUM ALTERNATIVE. If you elect this Alternative, we will pay you the discounted present value of the [six (6)] equal installments described above in a single #9 lump sum payment. We may defer payment for a period that is not longer than [90] days #9 from the date you elect this Alternative in writing. The single lump sum payment will be equal to the greater of:
Appears in 1 contract
Samples: Group Variable Funding Agreement (Talcott Resolution Life Insurance Co- Separate Account Twelve)
