MISSTATEMENT OF AGE OR SEX. If the age or sex of the Annuitant has been misstated, the annuity payouts established will be made on the basis of the correct age or sex. If payouts were too large because of misstatement, the difference may be deducted by the Company from the next payout or payouts. If payouts were too small, the difference may be added by the Company to the next payout. Any overpayments or underpayments made by us will be charged or credited with interest at the rate shown on the Contract Data Page. Such interest will be deducted from or added to future payments.
Appears in 12 contracts
Samples: Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account), Annuity Contract (Variable Annuity-2 Series Account)
MISSTATEMENT OF AGE OR SEX. If the age or sex of the Annuitant has been misstated, the annuity payouts established will be made on the basis of the correct age or sex. If payouts were too large because of misstatement, the difference with interest may be deducted by the Company from the next payout or payouts. If payouts were too small, the difference with interest may be added by the Company to the next payout. Any overpayments or underpayments made by us will be charged or credited with interest at the rate shown on the Contract Data Page. Such interest will be deducted from or added to future payments.
Appears in 5 contracts
Samples: Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny), Annuity Contract (Variable Annuity 1 Series Account)
MISSTATEMENT OF AGE OR SEX. If the age or sex of the Annuitant has been misstated, the annuity payouts payments established will be made on the basis of the correct age or sex. If payouts payments were too large because of misstatement, the difference may be deducted by the Company from the next payout payment or payoutspayments. If payouts payments were too small, the difference may be added by the Company to the next payoutpayment. Any overpayments or underpayments made by us the Company will be charged or credited with interest at the rate shown on the Contract Data Page. Such interest will be deducted from or added to future payments.
Appears in 2 contracts
Samples: Annuity Contract (Great West Life & Annuity Insurance Co), Annuity Contract (Great West Life & Annuity Insurance Co)
MISSTATEMENT OF AGE OR SEX. If the age or sex of the Annuitant has been misstated, the annuity payouts established will be made on the basis of the correct age or sex. If payouts were too large because of misstatement, the difference may be deducted by the Company Great- West from the next payout or payouts. If payouts were too small, the difference may be added by the Company Great-West to the next payout. Any overpayments or underpayments made by us will be charged or credited with interest at the rate shown on the Contract Data Page. Such interest will be deducted from or added to future payments.
Appears in 1 contract
