Maturity Benefit. On the Maturity date, if the policy is still in force, the Life insured survives and We have not paid out any claims, We will pay You a guaranteed maturity Benefit in one lump sum, less any outstanding amount owing to Us. Please refer to the Policy Illustration for the value of the maturity Benefit.
Maturity Benefit. MATURITY OPTIONS. If the Annuitant is living on the Maturity Date shown on page 3, and that Maturity Date is earlier than the contract anniversary nearest the Annuitant's 90th birthday, the Owner may elect between the following maturity options: - payment of a monthly income to the Annuitant under a payment plan chosen by the Owner; or - deferral of the maturity benefit and continuation of this contract, without any Disability Waiver of Purchase Payment Benefit, to the Optional Maturity Date. The contract will continue under this option if a written election for this purpose is received by the Company or if on the Maturity Date shown on page 3, the Owner has not chosen a payment plan. If the Annuitant is living on the Maturity Date and that Maturity Date is on or after the contract anniversary nearest the Annuitant's 90th birthday, the Company will pay a monthly income to the Annuitant under a payment form chosen by the Owner. PAYMENT OF MATURITY BENEFIT. The amount of the monthly income paid as the maturity benefit will depend on the payment plan chosen (see Section 11) and the maturity value. The maturity value of this contract will be the Accumulation Value of the contract on the effective date of the maturity benefit, less any applicable Withdrawal Charge (see Section 7.3). The maturity benefit will be effective on the Maturity Date. However, if the New York Stock Exchange is closed on the Maturity Date, the effective date will be the Valuation Date next preceding the Maturity Date. If no payment form is chosen at the time a monthly income becomes payable, payments will be made to the Annuitant under the variable payment form of Life Income Plan (Option C), with installments certain for ten years, as described in Section 11.1.
Maturity Benefit. At the Maturity date on the Policy anniversary immediately before the Life insured attains 100 years old, if the policy is still in force, You will receive a lump sum maturity Benefit which is equivalent to the Account value, less any amounts owing to Us.
Maturity Benefit. If the Annuitant is living on the Maturity Date shown on page 3, the Company will pay a monthly income under a payment plan chosen by the Owner. The amount of the monthly income paid as the maturity benefit will depend on the payment plan chosen (see Section 11) and the maturity value. The maturity value of this contract will be the Accumulation Value of the contract on the effective date of the maturity benefit. The maturity benefit will be effective on the Maturity Date. However, if the New York Stock Exchange is closed on the Maturity Date, the effective date will be the Valuation Date next preceding the Maturity Date. If no payment plan is chosen at the time a monthly income becomes payable, payments will be made under the variable payment form of Life Income Plan (Option C), with installments certain for ten years, as described in Section 11.1. XX.X.X.XX.(0805) 10
Maturity Benefit. At maturity date, if the policy is still in force, the maturity benefit payable is the Account value less any amounts owing to us.
Maturity Benefit. 4.1 If the Life Assured is still surviving at the end of the final Policy Year, the Company will pay a maturity benefit of an amount equal to 100% of the Single Premium.
4.2 When the Maturity Benefit is payable, any cash loan attached to the Policy will be deducted from the Maturity Benefit before the balance amount is paid.
Maturity Benefit. On the Maturity date, if the Life insured survives and the policy is still in force, We will pay You:
a) guaranteed maturity Benefit of the total Premium You paid (excluding interest and Automatic Premium Benefit);
b) reversionary bonus (if any); and
c) performance bonus (if any) less any outstanding amount that You still owe Us.
Maturity Benefit. Death Benefit if Annuitant is an Owner . Death Benefit if Annuitant is not an Owner
Maturity Benefit. Subject to Sections 4, 5, 9.4 and 9.5 below, if the Life Insured has survived on the Maturity Date, then, We shall pay the sum total of the following to a person specified under Section 4.1 on the Maturity Date:
a. Reduced Paid Up Maturity Sum Assured; and
b. accrued Paid Up Additions, if any.
Maturity Benefit. Upon maturity if the policy is still in force, the Maturity Benefit payable is the sum of the following:
a) the guaranteed maturity value; and
b) the last monthly income; and
c) performance bonus (if any); and
d) monthly income deposited with Us with non-guaranteed interest (if any); less any amounts owing to Us. Your policy will mature on the Policy anniversary immediately before the Original Life insured attains 125 years old.
