Form of Annuity definition

Form of Annuity means the types of annuities available to the Annuitant such as Life Annuity, Period Certain Annuity, Joint Annuity, and Joint and Survivor Annuity.
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Form of Annuity means the type of Annuity and payment obligation arising thereunder and described in Table II.
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Form of Annuity means the types of annuities available to the Annuitant such as Life Annuity, Period Certain Annuity, Joint Annuity, and Joint and Survivor Annuity. (78) “General Account” means an insurance company’s overall investment account that contains general corporate assets. (89) “Joint Annuitant” means the person named by the Plan participant on a Joint annuity Form of Annuity to be the co-owner of the annuity serve as the measuring life if still living following the death of the Annuitant. (910) “Plan” means the retirement Plan specified in the contract. (101) “Plan Administrator” means the person or entity designated by the Plan or by the employer to manage the retirement Plan. (112) “Plan Sponsor” means the person or entity that sets up establishes or maintains the Plan. (123) “Separate Account” means an account holding certain insurance company assets that are accounted for separately from the General Account established by the insurance company under the laws of the insurance company’s state of domicile. All aspects of its operation, maintenance, and the insulation of Separate Account assets will be governed by the domiciliary state’s law. § 4 CONTRACT PROVISIONS
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Examples of Form of Annuity in a sentence

  • As of the Maturity Date the Annuity Account Value will be applied to provide for the Normal Form of Annuity Benefit (described below).

  • The ‘‘Normal Form’’ of Annuity Benefit is the Life-Period Certain Annuity Form described below, unless another form of annuity is determined to be the Normal Form of Annuity pursuant to the terms of the Plan, if applicable, and/or the requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or any other law that applies.

  • As of the Contract Maturity Date the Annuity Account Value will be applied to provide for the Normal Form of Annuity Benefit (described below).

  • The “Normal Form” of Annuity Benefit is the Life-Period Certain Annuity Form described below, unless another form of annuity is determined to be the Normal Form of Annuity pursuant to the terms of the Plan, if applicable, and/or the requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or any other law that applies.

  • As of the Maturity Date, provided the Annuitant is then living, the Annuity Account Value will be applied to provide the Normal Form of Annuity Benefit (described below).

  • The replacement certificate will describe the payments that you will receive under your changed Form of Annuity.

  • If you exercise an option that changes your Form of Annuity, then a replacement certificate will be issued to you.

  • The "Normal Form" of Annuity Benefit is an Annuity Benefit payable on the Life-Period Certain Annuity Form described below, unless another Form is to apply pursuant to the terms of the Plan, if applicable, the requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, or any other law that applies.

  • Form of Annuity Benefit Annuity Benefit payments will be Fixed Dollar Benefit payments, made monthly in accordance with the terms of Option B with a fixed period of one hundred twenty (120) months under the SETTLEMENT OPTIONS section of this Contract.

  • Option 4: Any Form of Annuity Satisfactory to Both us and the Owner - Selection of the Annuity Payment Option must be made by written request to us at least 30 days prior to the Annuity Benefit Date.

Related to Form of Annuity

  • 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.

  • Actuarial certification means a written statement by a member of the American Academy of

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.