Common use of TERMINATION AFTER THE ANNUITY COMMENCEMENT DATE Clause in Contracts

TERMINATION AFTER THE ANNUITY COMMENCEMENT DATE. This contract may not be surrendered for its Termination Value after the commencement of annuity payments, except with respect to Options Four and Five. PAYMENT ON SURRENDER - DEFERRAL OF PAYMENT Payment on any request for surrender will be made as soon as possible and, with respect to the Contract Values in the Sub-Accounts, no later than seven days after the written request is received by the Company. However, such payment may be subject to postponement:

Appears in 3 contracts

Samples: Reinsurance Agreement (Talcott Resolution Life & Annuity Insurance Co Separate Account One), Reinsurance Agreement (Hartford Life & Annuity Insurance Co Separate Account One), Individual Flexible Premium Variable Annuity Contract (Alpine Life Insurance Co Seperate Account One)

AutoNDA by SimpleDocs

TERMINATION AFTER THE ANNUITY COMMENCEMENT DATE. This contract may not be surrendered for its Termination Value after the commencement of annuity payments, except with respect to Options Four and Five. PAYMENT ON SURRENDER - -- DEFERRAL OF PAYMENT Payment on any request for surrender will be made as soon as possible and, with respect to the Contract Values in the Sub-Accounts, no later than seven days after the written request is received by the Company. However, such payment may be subject to postponement:

Appears in 2 contracts

Samples: Reinsurance Agreement (Talcott Resolution Life Insurance Co Separate Account Two), Reinsurance Agreement (Hartford Life Insurance Co Separate Account Two)

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