Common use of SUSPENSION OF PURCHASE PAYMENTS Clause in Contracts

SUSPENSION OF PURCHASE PAYMENTS. The Contract Owner may suspend purchase payments at any time by giving 60 days written notice to Minnesota Mutual of such suspension. The suspension may be with respect to all Participants, or only with respect to those Participants in such class or classes as are specified by the Contract Owner. Except as to those Participants for whom purchase payments are suspended, the contract shall continue to operate during a period of suspension as if such suspension had not occurred. Purchase payments may be resumed at any time upon written notice to Minnesota Mutual by the Contract Owner.

Appears in 5 contracts

Samples: Minnesota Mutual Group Variable Annuity Account, Minnesota Mutual Group Variable Annuity Account, Minnesota Mutual Group Variable Annuity Account

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!