Selection of an Annuity Option. An Annuity Option may be selected by Written Request of the Owner. If no Annuity Option is selected, Option 2 with 120 monthly payments guaranteed will automatically be applied. Unless specified otherwise, that portion of the Contract Withdrawal Value allocated to the Variable Account shall be used to provide a Variable Annuity and that portion of the Contract Withdrawal Value allocated to the Fixed Account and the MVA Account will be used to provide a Fixed Annuity. Prior to the Annuity Date, the Owner can change the Annuity Option selected by Written Request. Any change must be requested at least thirty (30) days prior to the Annuity Date.
Appears in 2 contracts
Samples: Insurance Contract (Great American Reserve Variable Annuity Account G), Insurance Contract (Great American Reserve Variable Annuity Account F)
Selection of an Annuity Option. An Annuity Option may be selected by Written Request of the Owner. If no Annuity Option is selected, Option 2 B with 120 monthly payments guaranteed will automatically be applied. Unless specified otherwise, that portion of the Adjusted Contract Withdrawal Value allocated to the Variable Account shall be used to provide a Variable Annuity and that portion of the Adjusted Contract Withdrawal Value allocated to the Fixed Account and the MVA Account will be used to provide a Fixed Annuity. Prior to the Annuity Date, the Owner can change the Annuity Option selected by Written Request. Any change must be requested at least thirty (30) days prior to the Annuity Date.
Appears in 2 contracts
Samples: Individual Fixed and Variable Deferred Annuity Contract (Great American Reserve Variable Annuity Account G), Individual Fixed and Variable Deferred Annuity Contract (Great American Reserve Insurance Co)
