Examples of Annual Benefit Amount in a sentence
If the age of any Covered Person has been misstated, the Withdrawal Benefit Base and Annual Benefit Amount will be adjusted based on such Covered Person’s correct age.
The Annual Benefit Amount is first calculated on the Rider Exercise Date.
The GLWB feature of this rider guarantees that you may receive withdrawals or payments of the Annual Benefit Amount for the life of the Covered Person(s) each Rider Year after the Rider Exercise Date.
The amount of any such cash payment will equal the Annual Benefit Amount of such Annual Benefit.
If cumulative withdrawals in any Rider Year are less than or equal to the Annual Benefit Amount then in effect, the Benefit Base will not be reduced.