ANNUITY SERVICE definition

ANNUITY SERVICE. CENTER As specified on the Contract Data Page. ANNUITANT The natural person on whose life the annuity benefit for the Contract is based. ANNUITY DATE The date on which annuity payments to the Payee are to start. The latest possible Annuity Date will be set by Us. ANNUITY UNIT A unit of measurement used to compute annuity payments in a Separate Account. CONTRACT DATE The date Your Contract is issued, shown on the Contract Data Page. CONTRACT VALUE The sum of Your share of the Variable Accounts' Accumulation Values and Fixed Account Accumulation Values. CONTRACT YEAR A year starting from the Contract Date in one calendar year and ending on the Contract Date in the succeeding calendar year.
ANNUITY SERVICE. CENTER As specified on the Certificate Data Page. ANNUITY UNIT A unit of measurement used to compute annuity payments in a Separate Account.
ANNUITY SERVICE. CENTER As specified on page 1 of the Contract. CERTIFICATE The Certificate describes the Participant's interest under the Contract. CONTRACT DATE The date this Contract is issued. CONTRACTHOLDER The individual or entity shown on Page 1 which has established and maintains the Plan for the benefit of its Participants. DISCONTINUANCE DATE The Date on and after which no further Purchase Payments will be made to Us. FIXED ANNUITY A series of periodic annuity payments of predetermined amounts that do not vary with investment experience. Such payments are made from the Company's general asset account. IRC The Internal Revenue Code of 1986, as amended, or as it may be amended or superseded. NYSE New York Stock Exchange. Generally, the close of any NYSE business day is 4:00 P.M., Eastern Time. Financial Transactions received after the close of any NYSE business day will be credited with the next NYSE business day. PARTICIPANT The person disclosed to Us as the Participant at the date of issuance of the Certificate who is entitled to exercise all rights and privileges of ownership under the Certificate while living. PAYEE The person receiving payment of annuity benefits under the Certificate. PURCHASE PAYMENTS Payments in U. S. currency made by or on behalf of the Annuitant to the Company for the Certificate. SUBSEQUENT PURCHASE PAYMENTS Purchase Payments made after the first Purchase Payment. WE, OUR, US, THE COMPANY Anchor National Life Insurance Company. YOU, YOUR The Contractholder. PURCHASE PAYMENT PROVISIONS PURCHASE PAYMENTS Purchase Payments are flexible and must be in U. S. currency. This means that, subject to Company declared minimums and maximums, The Contractholder may change the amounts, frequency or timing of Purchase Payments. Purchase Payments will be allocated in accordance with instructions from the Contractholder. We reserve the right to specify the minimum Purchase Payment that may be allocated to a subaccount, if applicable, under the Certificate. Purchase Payments may be made under this Contract prior to the Discontinuance Date. For each Annuity Certificate purchased under this Contract, the Contractholder will provide Us with Our Participant Enrollment Form completed by the Participant. DISCONTINUANCE OF PURCHASES We have the right at any time to notify the Contractholder that no further purchases may be made under this Contract on or after the date specified in the notice. That date will be at least 90 days after the date the notice is given....

Examples of ANNUITY SERVICE in a sentence

  • ANNUITY SERVICE OFFICE -- The office indicated on the Contract Schedule to which notices, requests and Purchase Payments must be sent, or as otherwise directed by Notice from us.

  • ANNUITY SERVICE CENTER As specified on the Certificate Data Page.

  • ANNUITY SERVICE CENTER The location shown on Page 1 of this Contract where all requests and Purchase Payments regarding this Contract are to be sent.

  • ANNUITY SERVICE CENTER ANNUITY UNIT A unit of measurement determined on or after the Annuity Date used to compute annuity payments from the Variable Portfolio(s).

  • ANNUITY SERVICE OFFICE Any office designated by us for the receipt of Payment and processing of Owner requests.

  • IF YOU HAVE QUESTIONS, PLEASE CALL THE ANNUITY SERVICE CENTER AT 800.544.2442.

  • ANNUITY SERVICE CENTER ANNUITY UNIT A unit of measurement used to compute annuity payments from the Subaccounts.

  • The latest possible Annuity Date will be set by Us. ANNUITY SERVICE CENTER As specified on the Certificate Data Page.

  • ANNUITY SERVICE OFFICE Any office designated by us for the receipt of Payments and processing of Group Holder and Owner requests.

  • ANNUITY SERVICE OFFICE Any office designated by us for the receipt of Purchase Payments and processing of Contract Owner requests.


More Definitions of ANNUITY SERVICE

ANNUITY SERVICE. ANNUITY UNIT A unit of measurement used to compute annuity payments from the Variable Portfolios.
ANNUITY SERVICE. Center The office indicated on the Contract Schedule of this Contract to which notices, requests and Purchase Payments must be sent. All sums payable by the Company under this Contract are payable only at the Annuity Service Center.

Related to ANNUITY SERVICE

  • 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.

  • Annuity Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • Eligibility Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his eligibility to participate in the Plan as may be required under Article III or Article VI.

  • Utility service means a service, the terms and conditions of which are regulated by the AUC, and includes services for which an individual rate, joint rate, toll, fare, charge or schedule of them, have been approved by the AUC.

  • CMU Service means the Central Moneymarkets Unit Service, operated by the Hong Kong Monetary Authority;

  • Covered service means a health care service provided to a

  • In-service means an educational program, which is designed to increase the knowledge, skills, and overall effectiveness of personnel.

  • Vesting Service of an employee means the period or periods of service credited to him under the provisions of Article II for purposes of determining his vested interest in his Employer Contributions Sub-Account, if Employer Contributions are provided for under either Article VI or Article XXII.

  • Community service means compulsory service, without

  • Period of Service means the aggregate of all periods of service commencing with an Employee's first day of employment or reemployment with the Employer or an Affiliated Employer and ending on the first day of a Period of Severance, or for benefit accrual purposes, ending on the severance from service date. The first day of employment or reemployment is the first day the Employee performs an Hour of Service. An Employee who incurs a Period of Severance of twelve (12) months or less will also receive service-spanning credit by treating any such period as a Period of Service for purposes of eligibility and vesting (but not benefit accrual). For purposes of benefit accrual, a Participant's whole year Periods of Service is equal to the sum of all full and partial periods of service, whether or not such service is continuous or contiguous, expressed in the number of whole years represented by such sum. For this purpose, fractional periods of a year will be expressed in terms of days.

  • 800 service means a telecommunications service that:

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Company Service means the Company's email, Internet, security management services provided to End Users for the purposes of conducting Company's internal business.

  • Year of Eligibility Service means, for any Employee, a credit used to determine his eligibility to participate under the Plan, as further described in Section 2.2.

  • Basic Service As defined in M.G.L. c. 164, § 1 and in orders of the Department, as amended or promulgated, as the case may be, from time to time. Business Day – Any day between the period of 8:00 a.m. and ending at 5:00 p.m. Eastern Prevailing Time, except Saturday, Sunday and any day which is a legal holiday or a day on which federal banking institutions in Boston, Massachusetts are authorized by law to close. Change in Law – As used herein, means any of the following:

  • Testing service means a national testing service selected by the board.

  • 911 Service means a universal telephone number which gives the public direct access to the Public Safety Answering Point (“PSAP”). Basic 911 service collects 911 calls from one or more local exchange switches that serve a geographic area. The calls are then sent to the correct authority designated to receive such calls.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • 900 service means an inbound toll telecommunications service purchased by a subscriber that allows the subscriber's customers to call in to the subscriber's prerecorded announcement or live service, and which is typically marketed under the name "900 service" and any subsequent numbers designated by the federal communications commission. "900 service" does not include the charge for collection services provided by the seller of the telecommunications service to the subscriber, or services or products sold by the subscriber to the subscriber's customer.

  • Minimum Period of Service means a period of 12 consecutive months beginning on the Service Start Date, unless set out otherwise in any applicable Order.

  • Head of Paid Service means the person designated as such by the Council under Section 4 of the 1989 Act

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • Cloud Service means any distinct, subscription-based, hosted, supported and operated on-demand solution provided by SAP under an Order Form.

  • Premium Service means programming choices (such as movie Channels, pay-per-view programs, or video on demand) offered to Subscribers on a per-Channel, per-program or per- event basis.