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 the period during which the Annuitant survives and any Guaranteed Period as mentioned in the Policy Schedule.
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Examples of Annuity Payout Period in a sentence

  • During the Annuity Payout Period, the number of votes will decrease as the assets held to fund annuity payouts decrease.

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

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

  • If you, the joint Owner or the Annuitant should die before the PF Annuity Payout Period is complete, the remaining payments will be made to the Beneficiary.

  • The PF Annuity Payout Period is determined on the Annuity Calculation Date and it will equal the current Benefit Amount divided by the Benefit Payment.

  • If you, the joint Owner or the Annuitant should die before the PFP Annuity Payout Period is complete, the remaining payments will be made to the Beneficiary.

  • The PFP Annuity Payout Period is determined on the Annuity Calculation Date and it will equal the current Benefit Amount divided by the Benefit Payment.

  • For all Annuity Options other than Option D, the Annuity Installment is payable throughout the Annuity Payout Period.

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

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


More Definitions of Annuity Payout Period

Annuity Payout Period means:
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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

  • 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.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.