Examples of Annuity Frequency in a sentence
The Annuity under this Policy will be payable by us, in accordance with the Annuity Option and at the Annuity Frequency chosen by the Annuitant and is specified in the Schedule.
Where a Policy is transferred from another Insurer, the Annuity Income and payment frequency will remain the same for the first 12 months of the Policy, whereupon the Policyholder shall have the right to amend the Annuity Frequency and Annuity Income level.
We will start paying the Annuity amount from the First Annuity Payout Date and at the chosen Annuity Frequency specified in the Policy Schedule.
The Policyholder is presented with an option to receive an annuity at one of the following frequencies: • Monthly• Quarterly• Bi-Annually,• AnnuallyThe Policyholder may amend the Annuity Frequency and Annuity Income level on the Annuity Anniversary Date.
In the case of a transfer the Policyholder can do the first review of the Annuity Frequency and Annuity Income only after the first Annuity Anniversary Year.Payment of the Annuity can be paid on either the 15th or 25th of each month.The Policyholder must select a percentage Annuity Income rate within the prescribed limits.
An Annuity Installment payment will start one year after the Annuity Commencement Date for yearly Annuity Frequency, six months after the Annuity Commencement Date for half yearly Annuity Frequency, three months after the Annuity Commencement Date for quarterly Annuity Frequency and one month after the Annuity Commencement Date for monthly Annuity Frequency.
An Annuity would be payable as per the Annuity Frequency shown in the Policy Schedule.
Annuity Frequency: The frequency on which the Policyholder will be paid the Annuity Income.