Common use of Proof of Age Clause in Contracts

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options 2, 3-V, 4 and 5 -V of this section before we make the first payment. Minimum Proceeds If the Policy Value on the Annuity Commencement Date is less than $2,000, we reserve the right to pay the Policy Value as a lump sum instead of applying it to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options income options 2, 3-V, 4 and 5 -V 5-V of this section Section before we make the first payment. Minimum Proceeds If the Policy Value policy value on the Annuity Commencement Date annuity commencement date is less than $2,000, we reserve the right to pay the Policy Value policy value out as a lump sum instead of applying it them to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options elects income options 2, 3-V, 4 and 5 -V 5-V of this section Section before we make the first payment. Minimum Proceeds If the Policy Value policy value on the Annuity Commencement Date annuity commencement date is less than $2,000, we reserve the right to pay the Policy Value policy value out as a lump sum instead of applying it them to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options income options 2, 3-V, 4 and 5 -V of this section before we make the first payment. Minimum Proceeds If the Policy Value policy value on the Annuity Commencement Date annuity commencement date is less than $2,000, we reserve the right to pay the Policy Value policy value out as a lump sum instead of applying it to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options elects income options 2, 3-–V, 4 and 5 -V 5–V of this section Section before we make the first payment. Minimum Proceeds If the Policy Value policy value on the Annuity Commencement Date annuity commencement date is less than $2,000, we reserve the right to pay the Policy Value policy value out as a lump sum instead of applying it them to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner owner becomes a non-–resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options 23, 3-V, 4 5 and 5 -V of this section before we make the first payment. Minimum Proceeds If the Policy Value on the Annuity Commencement Date is proceeds are less than $2,000, we reserve the right to pay the Policy Value them out as a lump sum instead of applying it them to an income a payment option. Premium Tax The Insurance insurance laws of the State of New York as of 2011 currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner owner is a resident of the State of New York, unless subsequent changes in New York’s 's insurance laws provide otherwise. However, if the Owner owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options income options 2, 3-V, 4 and 5 -V 5-V of this section before we make the first payment. Minimum Proceeds If the Policy Value policy value on the Annuity Commencement Date annuity commencement date is less than $2,000, we reserve the right to pay the Policy Value policy value out as a lump sum instead of applying it to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options 2, 3-V, 4 and 5 -V 5-V of this section before we make the first payment. payment Minimum Proceeds If the Policy Value on the Annuity Commencement Date is less than $2,000, we reserve the right to pay the Policy Value as a lump sum instead of applying it to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner becomes a non-resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.

Proof of Age. We may require proof of the age of any person who has an annuity purchased under Options 2, 3-V, –V. 4 and 5 -V –V of this section before we make the first payment. payment Minimum Proceeds If the Policy Value on the Annuity Commencement Date is less than $2,000, we reserve the right to pay the Policy Value as a lump sum instead of applying it to an income option. Premium Tax The Insurance laws of the State of New York as of 2011 do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner is a resident of the State of New York, unless subsequent changes in New York’s insurance laws provide otherwise. However, if the Owner becomes a non-–resident of New York or if New York changes its insurance laws to allow the imposition of premium taxes on the amount applied to a settlement option, we will deduct the applicable premium tax before applying the proceeds.