Common use of Payment Certain Annuity Clause in Contracts

Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. No form of annuity will be purchased which provides for payments: (i) to a Beneficiary or a Contingent Annuitant who is not the Annuitant's spouse if a present value calculation shows that the Annuitant's expected payments will not be more than 50% of all the expected annuity payments, or (ii) to a Contingent Annuitant which are greater in monthly amount than the payments to the Annuitant.

Payment Certain Annuity. The The-first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. No form of annuity will be purchased which provides for payments: (i) to a Beneficiary or a Contingent Annuitant who is not the Annuitant's spouse if a present value calculation shows that the Annuitant's expected payments will not be more than 50% of all the expected annuity payments, or (ii) to a Contingent Annuitant which are greater in monthly amount than the payments to the Annuitant.