Common use of Years Certain Clause in Contracts

Years Certain. We will make payments for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sum. For this option, present values would be determined using only an interest rate component, but not using a mortality component. Variable Income Option 3-V(a) is not available for adjusted age(s) greater than 85.

Years Certain. We Payments will make payments be made for the longer of the annuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sum. For this option, present values would be determined using only an interest rate component, but not using a mortality componentbeneficiary. Variable Income Option 3-–V(a) is not available for adjusted age(s) greater than 85. Payments are made as long as either the annuitant or the joint annuitant is living. Variable Income Option 5–V is not available for annuitant adjusted age(s) greater than 85.

Years Certain. We Payments will make payments be made for the longer of the annuitantAnnuitant’s lifetime or ten years. In the event of the death of the person receiving payments prior to the end of the guarantee period for which the election was made, payments will be continued to that person’s beneficiary or may be commuted and their present value may be paid in a single sumbeneficiary. For this option, present values would be determined using only an interest rate component, but not using a mortality component. Variable Income Option 3-V(aV(1) is not available for adjusted age(sAdjusted Age(s) greater than 85. Option 5-V – Joint and Survivor Annuity. Payments are made as long as either the Annuitant or the joint Annuitant is living. Option 5-V is not available for Adjusted Age(s) greater than 85.