Special Terms Under Annuity Options. (a) When payments start, the age of the Annuitant plus the number of years for which payments are guaranteed must not exceed 95. (b) The present value of the payments to the Annuitant when payments start shall be more than 50% of the present value of the payments to be made to all payees; this restriction does not apply if Option 5 is chosen and the second Annuitant is the spouse of the Annuitant.
Appears in 5 contracts
Samples: Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Variable Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co), Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)
Special Terms Under Annuity Options. (a) When when payments start, the age of the Annuitant plus the number of years for which payments are guaranteed must not exceed 95.
(b) The the present value of the payments to the Annuitant when payments start shall be more than 50% of the present value of the payments to be made to all payees; this restriction does not apply if Option 5 is chosen and the second Annuitant is the spouse of the Annuitant.
Appears in 1 contract
Samples: Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)
