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: Flexible Premium Deferred Variable Annuity Contract (Principal Life Insurance Co Separate Account B), Flexible Premium Deferred Variable Annuity Contract (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: Single Premium Index Linked Deferred Annuity Contract (Principal Life Insurance Co)

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: Single Premium Index Linked Deferred Annuity Contract (Principal Life Insurance Co)

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: Flexible Premium Deferred Variable Annuity Contract (Principal Life Insurance Co Separate Account B)

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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: Flexible Premium Deferred Variable Annuity Contract (Principal Life Insurance Co Separate Account B)

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: Flexible Premium Deferred Variable Annuity Contract (Principal Life Insurance Co Separate Account B)

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