TERMS OF PAYMENT OF ANNUITIES. Life annuities and Payment Certain annuities are available under this contract. A Life form of annuity is one payable at least during the lifetime of the person (referred to as the "Annuitant") for whom it was purchased. Depending upon the existence and nature of any payment payable after the death of the Annuitant, a Life annuity will be one of the following forms: Life - Payment Certain, Life - Contingent, or Life - Payment Certain Contingent annuity. A Payment Certain form of annuity may be payable for a period less than the lifetime of the person for whom the annuity was purchased. The terms of payment of each form of annuity are described below. GVA-1000 Serial 400 (as modified by Form GAA-7472A) 4.1-4.4
(a) Life Form of Annuity: The first monthly payment of a Life - Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter throughout the Annuitant's remaining lifetime. If the Annuitant dies before the number of annuity payments made equals the number of Payments Certain applicable to him, monthly annuity payments will be continued until the total number of payments is so equal. These continued annuity payments will each be in the same amount as was payable to the Annuitant. The number of Payments Certain is established when the annuity is purchased and may be 60, 120, 180, 240, or any other number accepted by Prudential. The first monthly payment of a Life - Contingent annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter throughout the Annuitant's remaining lifetime. If the Annuitant dies before the death of his Contingent Annuitant, monthly Contingent Annuity payments will become payable. The first payment of Contingent Annuity will be payable on the first day of the month following the month in which the Annuitant's death occurs. Monthly Contingent Annuity payments are payable on the first day of each month thereafter throughout the Contingent Annuitant's remaining lifetime. The last monthly payment is payable for the month in which his death occurs. The amount of each monthly Contingent Annuity payment will be a percentage of the monthly annuity payment payable before the Annuitant's death. The percentage is established when the annuity is purchased and may be 33 1/3%, 50%, 66 2/3% or 100%, or any other percentage accepted by Prudential. Under a Life - Payment Certain Contingent annuity, a...
TERMS OF PAYMENT OF ANNUITIES. If a Participant elects an annuity pursuant to paragraph (b) of section 4.1, all or a portion of the dollar value of the Participant's Accounts, as specified by the Participant, will be applied to purchase an annuity in accordance with Schedule A. The monthly amount of annuity is determined from the schedule of purchase rates for that annuity. Life annuities and Payment Certain annuities are available under this contract. A Life form of annuity is one payable at least during the lifetime of the person (referred to as the "Annuitant") for whom it was purchased. Depending upon the existence and nature of any payment payable after the death of the Annuitant, a Life annuity will be one of the following forms: Life - Payment Certain, Life - Contingent, or Life - Payment Certain Contingent annuity. A Payment Certain form of annuity may be payable for a period less than the lifetime of the person for whom the annuity was purchased. The terms of payment of each form of annuity are described below.
TERMS OF PAYMENT OF ANNUITIES. Life annuities and Payment Certain annuities are available under this contract. A Life form of annuity is one payable at least during the GVA-120-87 (10/11) Serial 400 4.1-4.4 lifetime of the person (referred to as the "Annuitant") for whom it was purchased. Depending upon the existence and nature of any payment payable after the death of the Annuitant, a Life annuity will be one of the following forms: Life - Payment Certain, Life - Contingent, or Life - Payment Certain Contingent annuity. A Payment Certain form of annuity may be payable for a period less than the lifetime of the person for whom the annuity was purchased. The terms of payment of each form of annuity are described below.
TERMS OF PAYMENT OF ANNUITIES. Life annuities and Payment Certain annuities are available under this contract. A Life form of annuity is one payable at least during the lifetime of the person (referred to as the "Annuitant") for whom it was purchased. Depending upon the existence and nature of any payment payable after the death of the Annuitant, a Life annuity may also be any of the following forms: Life - Payment Certain, Life - Contingent, or Life - Payment Certain Contingent annuity. A Payment Certain form of annuity may be payable for a period less than the lifetime of the person for whom the annuity was purchased. The terms of payment of each form of annuity are described below.
TERMS OF PAYMENT OF ANNUITIES. Life annuities and Payment Certain annuities are available under this contract. A Life form of annuity is one payable at least during the lifetime of the person (referred to as the "Annuitant") for whom it was purchased. Depending upon the existence and nature of any payment payable after the death of the Annuitant, a Life annuity will be one of the following forms: Life - Payment Certain, Life - Contingent, or Life - Payment Certain Contingent annuity. A Payment Certain form of GVA-1010-87 (24) Serial 400 4.1-4.4 annuity may be payable for a period less than the lifetime of the person for whom the annuity was purchased. The terms of payment of each form of annuity are described below.
TERMS OF PAYMENT OF ANNUITIES. If, a Participant, elects an annuity pursuant to Section 7.1(b), the amount withdrawn will be applied to purchase an annuity in accordance with Schedule A. The monthly annuity payment is determined from the schedule of purchase rates for that annuity. Any payments made in annuity form will be governed by the terms of the annuity certificate.
TERMS OF PAYMENT OF ANNUITIES. 400 4.5 Contract-Holder as Payee - Prudential as Agent. . . . . . . . . 410 V. CHANGES 5.1 Changes by Prudential. . . . . . . . . . 500 5.2 Changes by Agreement . . . . . . . . . . 500 5.3 Persons Empowered to Act for Prudential. 500
TERMS OF PAYMENT OF ANNUITIES. If, on behalf of a Participant, you elect an annuity pursuant to Section 7.1(b), the amount withdrawn may be combined with amounts from other Plan Investment Funds and will be applied to purchase an annuity in accordance with Schedule A. The monthly amount of annuity is determined from the schedule of purchase rates for that annuity. Any payments made in annuity form will be governed by the terms of the annuity certificate.
TERMS OF PAYMENT OF ANNUITIES. 420 4.5 Small Annuities and Accounts. . . . . . . . 430 4.6 Payees. . . . . . . . . . . . . . . . . . . 430 V. CHANGES 5.1 Changes by Prudential . . . . . . . . . . . 500 5.2 Changes by Agreement. . . . . . . . . . . . 500 5.3 Changes to Conform to Law . . . . . . . . . 500 5.4 Persons Empowered to Act for Prudential . . 500
TERMS OF PAYMENT OF ANNUITIES. 400 4.5 Contract-Holder as Payee - Prudential as Agent. . . . . . . . . . . . . . . 410 V. CHANGES 5.1 Changes by Prudential . . . . . . . . . 500 5.2 Changes by Agreement. . . . . . . . . . 500 5.3 Persons Empowered to Act for Prudential 500 VI. DISCONTINUANCE - TERMINATION OF CONTRACT 6.1 Discontinuance of Establishing Participants' Accounts. . . . . . . . . . . . . . . . 600 6.2 Discontinuance of Contributions under this Contract . . . . . . . . . . . . . 600 6.3 Termination of Contract . . . . . . . . 600
