Annuity Payout Period definition

Annuity Payout Period means the period starting from the Date of Commencement of Annuity till:
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Annuity Payout Period means the period starting from the Entry Date till:
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Annuity Payout Period means:
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Examples of Annuity Payout Period in a sentence

  • After unavoidable damage, to restore quasi-original conditions where appropriate; • Contractor’s operations should be so performed as to prevent accidental spillage of contaminants, debris, or other pollutants, especially into streams or underground water resources.

  • The number of Annuity Units used to calculate each payout for a Sub- Account remains fixed during the Annuity Payout Period.

  • The guaranteed Annuity Payout Period elected may be 5, 10, or 15 years, or other options as made available by the Company.

  • Annuity Payout Period - The period beginning on the Annuity Commencement Date and continuing until all annuity payouts have been made under this Contract.

  • The number of Annuity Units used to calculate each payout for a Sub-Account remains fixed during the Annuity Payout Period.

  • The following variable annuity payout options are available: (a) Option 1: Variable Life Annuity with Guaranteed Period Payouts for the guaranteed Annuity Payout Period elected or the lifetime of the Annuitant, whichever is longer.

  • Your Contract has two phases: (1) an accumulation (savings) phase called the Accumulation Period, prior to the Annuity Date; and (2) a payout (income) phase called the Annuity Payout Period, after the Annuity Date.

  • The Annuity Installment is payable directly to the Member or the Beneficiary where so applicable throughout the Annuity Payout Period.

  • The Contract can supplement your retirement income by providing a stream of income payments during the Annuity Payout Period.

  • Payouts for the guaranteed Annuity Payout Period elected or the lifetime of the Annuitant whichever is longer.


More Definitions of Annuity Payout Period

Annuity Payout Period means the period during which the Annuitant survives and any Guaranteed Period as mentioned in the Policy Schedule.
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Annuity Payout Period means the period from the Date of Commencement of Annuity till the Annuitant survives.
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Related to Annuity Payout Period

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Program Year means the annual period beginning January 1 and ending December 31.

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