Specified Percentage. Payment of a designated percentage which cannot be greater than the percentage shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment by the designated percentage. Payments upon the Certificate Holder's or Annuitant's death will be made to the Beneficiary in the manner described in 3.07.
Appears in 2 contracts
Samples: Group Annuity Contract (Aetna Insurance Co of America), Group Annuity Contract (Aetna Life Insurance & Annuity Co /Ct)
Specified Percentage. Payment of Paymentof a designated percentage which cannot be greater than the percentage shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment by the designated percentage. Payments upon the Certificate Contract Holder's or Annuitant's death will be made to the Beneficiary in the manner described in 3.07.
Appears in 2 contracts
Samples: Individual Annuity Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Annuity Contract (Aetna Insurance Co of America)
Specified Percentage. Payment of a designated percentage which cannot be greater than the percentage shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment by the designated percentage. Payments upon the Certificate Holder's or AnnuitantXxxxxxxxx's death will be made to the Beneficiary in the manner described in 3.07.
Appears in 1 contract
Samples: Group Annuity Certificate (VOYA RETIREMENT INSURANCE & ANNUITY Co)
