Common use of OPTIONAL FORMS OF BENEFIT Clause in Contracts

OPTIONAL FORMS OF BENEFIT. Subject to the conditions and limitations in Paragraph 9 above, a Contract Owner may elect any annuity payment option set forth in the Annuity Options Section or Annuity Payments Section of the contract. The form of benefit may not be changed after the Benefit Commencement Date.

Appears in 3 contracts

Samples: Endorsement Tax Deferred Annuity 403(b) (Pia Variable Annuity Account I), Endorsement Tax Deferred Annuity 403(b) (Penn Mutual Variable Annuity Account Iii), Endorsement Tax Deferred Annuity 403(b) (Penn Mutual Variable Annuity Account Iii)

AutoNDA by SimpleDocs

OPTIONAL FORMS OF BENEFIT. Subject to the conditions and limitations in Paragraph 9 6 above, a an Contract Owner may elect any annuity payment option set forth in the Annuity Options Section or Annuity Payments Section of the contract. The form of benefit may not be changed after the Benefit Commencement Date.

Appears in 1 contract

Samples: Endorsement Non Transferable Annuity 401(g) (Pia Variable Annuity Account I)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!