PURCHASE PAYMENT, CURRENT VALUE. AND SURRENDER PROVISIONS -------------------------------------------------------------------------------- 3.01 Net Purchase Payment: This amount is the actual Purchase Payment less any applicable premium tax. Aetna reserves the right to deduct any premium tax at any time from the Purchase Payment or from the Certificate Holder's Account. The Certificate Holder shall designate, on the enrollment form, the allocation percentage of the Net Purchase Payment to be applied to each of the available Guaranteed Periods during the current Deposit Period(s). The minimum amount that may be allocated to any Guaranteed Period is shown on Contract Schedule I.
Appears in 2 contracts
Samples: Group Annuity Contract (Aetna Insurance Co of America), Group Annuity Contract (Aetna Life Insurance & Annuity Co /Ct)
PURCHASE PAYMENT, CURRENT VALUE. AND SURRENDER PROVISIONS --------------------------------------------------------------------------------------------------------------------------------------------------------
3.01 Net Purchase Payment: This amount is the actual Purchase Payment less any applicable premium tax. Aetna reserves the right to deduct any premium tax at any time from the Purchase Payment or from the Certificate Contract Holder's AccountCurrent Value. The Certificate Contract Holder shall designate, on the enrollment form, tell Aetna the allocation percentage of the Net Purchase Payment to be applied to each of the available Guaranteed Periods during the current Deposit Period(s). The minimum amount that may be allocated to any Guaranteed Period is shown on Contract Schedule I.l.
Appears in 1 contract
PURCHASE PAYMENT, CURRENT VALUE. AND SURRENDER PROVISIONS --------------------------------------------------------------------------------------------------------------------------------------------------------
3.01 Net Purchase Payment: This amount is the actual Purchase Payment less any applicable premium tax. Aetna reserves the right to deduct any premium tax at any time from the Purchase Payment or from the Certificate Contract Holder's AccountCurrent Value. The Certificate Contract Holder shall designate, on the enrollment form, tell Aetna the allocation percentage of the Net Purchase Payment to be applied to each of the available Guaranteed Periods during the current Deposit Period(s). The minimum amount that may be allocated to any Guaranteed Period is shown on Contract Schedule I.l. 11 I1-MGA-95
Appears in 1 contract
Samples: Annuity Contract (Aetna Life Insurance & Annuity Co /Ct)
