Settlement Value. The Settlement Value is the same amount that would be paid in the event of withdrawal of the Contract Value. We will calculate the Settlement Value at the end of the Valuation Period coinciding with the requested distribution date for payment or on the mandatory distribution date of 5 years after the date of death. -------------------------------------------------------------------------------- PAYOUT PHASE --------------------------------------------------------------------------------
Appears in 3 contracts
Samples: Annuity Contract (Glenbrook Life Multi-Manager Variable Account), Flexible Premium Deferred Variable Annuity Contract (Glenbrook Life Multi-Manager Variable Account), Flexible Premium Deferred Variable Annuity Contract (Glenbrook Life Multi-Manager Variable Account)
Settlement Value. The Settlement Value is the same amount that would be paid in the event of withdrawal of the Contract Value. We will calculate the Settlement Value at the end of the Valuation Period coinciding with the requested distribution date for payment or on the mandatory distribution date of 5 years after the date of death. -------------------------------------------------------------------------------- PAYOUT PHASE --------------------------------------------------------------------------------.
Appears in 2 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (Allstate Life Insurance Co), Flexible Premium Deferred Variable Annuity Contract (Allstate Life Insurance Co)
Settlement Value. The Settlement Value is the same amount that would be paid in the event of withdrawal of the Contract Certificate Value. We will calculate the Settlement Value at the end of the Valuation Period coinciding with the requested distribution date for payment or on the mandatory distribution date of 5 years after the date of death. -------------------------------------------------------------------------------- ------------------------------------------------------------------------------- PAYOUT PHASE ---------------------------------------------------------------------------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Specimen Contract (Allstate Life of New York Variable Annuity Account)
