Common use of Specified Payment Clause in Contracts

Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times the Current Value at time of election. This annual dollar amount will remain constant. At its discretion, Aetna may require a minimum initial payment amount;

Appears in 8 contracts

Samples: VOYA RETIREMENT INSURANCE & ANNUITY Co, VOYA RETIREMENT INSURANCE & ANNUITY Co, VOYA RETIREMENT INSURANCE & ANNUITY Co

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Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times of the Current Value at time of election. election as shown on Contract Schedule I. This annual dollar amount will remain constant. At its discretion, Aetna may require a minimum initial payment amount;

Appears in 6 contracts

Samples: Variable Annuity Account I of Aetna Insurance Co of America, Variable Annuity Account B of Aetna Life Ins & Annuity Co, Variable Annuity Account B of Aetna Life Ins & Annuity Co

Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times of the Current Value at time of election. election as shown on Contract Schedule I. This annual dollar amount will remain constant. At its discretion, Aetna may require a minimum initial payment amount;; or

Appears in 2 contracts

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co, Variable Annuity Account B of Aetna Life Ins & Annuity Co

Specified Payment. Payments of a designated annual dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times of the Current Value at time of election. election as shown on Contract Schedule I. This annual dollar amount will remain constantconstant unless a higher amount is required under Code minimum distribution rules. At its discretionEach year that the Specified Payment is in effect, Aetna may require a will calculate the minimum initial payment amount;required distribution by dividing the Individual Account Current Value as of December 31

Appears in 1 contract

Samples: Variable Annuity Acct C of Aetna Life Insurance & Annuity Co

Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage of the Current Value on the date of the SWO election as shown on Contract Schedule I times the Current Value at time of election. I. This annual dollar amount will remain constant. At its discretion, Aetna may require a minimum initial payment amount;; or

Appears in 1 contract

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co

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Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times the Current Value at time of election. This annual dollar amount will remain constant. At its discretion, Aetna may require a minimum initial payment amount;; Option (SWO): (Cont'd)

Appears in 1 contract

Samples: VOYA RETIREMENT INSURANCE & ANNUITY Co

Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times of the Current Value at time of election. election as shown in Contract Schedule I. This annual dollar amount will remain constant, unless a higher amount is required under Code minimum distribution rules. At its discretion, Aetna may require a minimum initial payment amount;; or

Appears in 1 contract

Samples: Variable Annuity Acct C of Aetna Life Insurance & Annuity Co

Specified Payment. Payments of a designated dollar amount. The annual amount may not be greater than the percentage shown on Contract Schedule I times of the Current Value at time of election. election as shown on Contract Schedule I. This annual dollar amount will shall remain constant. At its discretion, Aetna may require a minimum initial payment amount;

Appears in 1 contract

Samples: Variable Annuity Account B of Aetna Life Ins & Annuity Co

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