Common use of MISSTATEMENT OF AGE OR GENDER Clause in Contracts

MISSTATEMENT OF AGE OR GENDER. If the Annuitant’s Age or gender, if applicable, is not correct when given to Us at the time benefits become payable, We will adjust the periodic income payable under the supplementary contract. Any adjustment will be based on the amount of periodic income that would have been purchased at the correct Age and gender, if applicable. Any overpayments or underpayments by Us on account of Age or gender will be assessed at an interest rate not to exceed 6%.

Appears in 2 contracts

Samples: Principal Life Insurance Co Separate Account B, Principal Life Insurance Co Separate Account B

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MISSTATEMENT OF AGE OR GENDER. If the Annuitant’s Age 's age or gender, if applicable, is not correct when given to Us at the time benefits Benefit Options become payable, We will adjust the periodic income payable under the supplementary contract. Any adjustment will be based on the amount of periodic income that would have been purchased at the correct Age age and gender, if applicable. Any overpayments or underpayments by Us on account of Age or gender will be assessed at an interest rate not to exceed 6%.

Appears in 1 contract

Samples: Principal Life Insurance Co Separate Account B

MISSTATEMENT OF AGE OR GENDER. If the Annuitant’s Age or gender, if applicable, is not correct when given to Us at the time benefits become payable, We will adjust the periodic income payable under the supplementary contract. Any adjustment will be based on the amount of periodic income that would have been purchased at the correct Age age and gender, if applicable. Any overpayments or underpayments by Us on account of Age age or gender will be assessed at an interest rate not to exceed 6%.. SF 1027 12

Appears in 1 contract

Samples: Principal Life Insurance Co

MISSTATEMENT OF AGE OR GENDER. If the Annuitant’s Age age or gender, if applicable, is not correct when given to Us at the time benefits Benefit Options become payable, We will adjust the periodic income payable under the supplementary contract. Any adjustment will be based on the amount of periodic income that would have been purchased at the correct Age age and gender, if applicable. Any overpayments or underpayments by Us on account of Age or gender will be assessed at an interest rate not to exceed 6%.

Appears in 1 contract

Samples: Principal Life Insurance Co Separate Account B

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MISSTATEMENT OF AGE OR GENDER. If the Annuitant’s Age or gender, if applicable, is not correct when given to Us at the time benefits become payable, We will adjust the periodic income payable under the supplementary contract. Any adjustment will be based on the amount of periodic income that would have been purchased at the correct Age age and gender, if applicable. Any overpayments or underpayments by Us on account of Age age or gender will be assessed at an interest rate not to exceed 6%.

Appears in 1 contract

Samples: Principal Life Insurance Co

MISSTATEMENT OF AGE OR GENDER. If the Annuitant’s 's Age or gender, if applicable, is not correct when given to Us at the time benefits benefit options become payable, We will adjust the periodic income payable under the supplementary contract. Any adjustment will be based on the amount of periodic income that would have been purchased at the correct Age and gender, if applicable. Any overpayments or underpayments by Us on account of Age or gender will be assessed at an interest rate not to exceed 6%.

Appears in 1 contract

Samples: Principal Life Insurance Co Separate Account B

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