Annuity period definition

Annuity period. The period after the Income Date during which Annuity Payments are made.
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Annuity period. The period starting on the annuity date during which annuity payments are paid.
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Annuity period. The period after the Annuity Date during which Annuity Payments are made.
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Examples of Annuity period in a sentence

  • Once you enter the Lifetime Annuity Period, we will not accept any additional purchase payments and you will no longer be eligible for any further increases in the GLWB base.

  • If the excess withdrawal reduces your Contract Value to zero, you will not be eligible to enter the Lifetime Annuity Period and your rider will terminate.

  • You cannot take the $1,000 excess withdrawal since your Contract Value is zero, but you will be eligible to enter the Lifetime Annuity Period and receive monthly payments equal to one-twelfth of your current maximum annual withdrawal.

  • When you enter the Lifetime Annuity Period, we will immediately make a payment to you equal to the excess, if any, of your maximum annual withdrawal over the total withdrawals you have taken during that contract year.

  • You will enter the Lifetime Annuity Period when (a) the youngest Participating Spouse is at least 59½ years old, and (b) the earlier of (i) the day your Contract Value goes to zero other than because of an excess withdrawal (such as due to a decline in market value or an allowable withdrawal) or (ii) the contract anniversary immediately following the annuitant’s 95th birthday.


More Definitions of Annuity period

Annuity period means the period for which a single installment of a retirement allowance or annuity is customarily paid for annuitants.
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Annuity period means the period for which an installment of annuity is paid.
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Annuity period. This is the period that starts on the Annuity Date.
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Annuity period means the periodfor which an installment of annuity is paid.
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Annuity period has the meaning given in clause 13.1 (“Annuity Period”).
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Annuity period in respect of an Annuity Product to which an Option relates is the period commencing on the Annuity Product Start Date for the Annuity Product in respect of which LTES Operator has exercised its Option and ending on the date that is 1 year after that Annuity Product Start Date.
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Annuity period means the Annuity Period as stated in Policy Schedule 1.
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