Annuity Income Date definition

Annuity Income Date means the date on which the first annuity payment is made pursuant to any Settlement Option under this contract. The Annuity Income Date cannot be later than the Maturity Date.
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Annuity Income Date means the date on which annuity payments are to begin. The first annuity payment will be calculated and paid as of this date.
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Examples of Annuity Income Date in a sentence

  • If the last surviving Annuitant dies on or after the first Annuity Income Date and before the end of the Guarantee Period, we will provide the remaining annuity income to the Beneficiary or Beneficiaries according to the terms of this Contract.

  • If the misstatement is not discovered until after the first Annuity Income Date, we will take the following action: (1) if we provided too much annuity income, we will add interest at the rate of 6% per year compounded annually and withhold annuity income on later Annuity Income Date(s) until we have recovered the excess; (2) if we provided too little annuity income, we will make up the balance plus interest at the rate of 6% per year compounded annually in a lump sum.

  • We calculate the amount of your annuity income on each Annuity Income Date.

  • If the Annuitant or the Joint Annuitant dies before the first Annuity Income Date, we will adjust the annuity income so that it equals what would have been paid under a single life annuity issued to the survivor.

  • If you or the Joint Annuitant dies before the first Annuity Income Date, we will adjust the annuity income so that it equals what would have been paid under a single life annuity issued to the survivor.

  • All subsequent Annuity Income Dates will be on the same day of the month as the first Annuity Income Date.

  • If the New York Stock Exchange is closed on an Annuity Income Date, we will calculate the amount of annuity income on the next day it is open.

  • If You or the Joint Annuitant dies before the first Annuity Income Date, we will adjust the annuity income so that it equals what would have been paid under a single life annuity issued to the survivor.

  • We will generally transmit each annuity income payment on the first business day after the Annuity Income Date.

  • Beginning with the first Annuity Income Date, we will provide full annuity income to You.