Common use of Withdrawals of Guaranteed Income Amount when the Account Value Equals Zero Clause in Contracts

Withdrawals of Guaranteed Income Amount when the Account Value Equals Zero. TLIC will make one or more payments each Annual Period from its general account that in the aggregate will equal the Guaranteed Income Amount if the Participant’s Account Value has been reduced to zero, and the Participant’s Guaranteed Income Amount is greater than zero on or after the Lock-In Date.

Withdrawals of Guaranteed Income Amount when the Account Value Equals Zero. TLIC TFLIC will make one or more payments each Annual Period from its general account that in the aggregate will equal the Guaranteed Income Amount if the Participant’s Account Value has been reduced to zero, and the Participant’s Guaranteed Income Amount is greater than zero on or after the Lock-In Date.