Single Life Annuity definition

Single Life Annuity means an annuity payable for the life of a Participant.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Single Life Annuity means an annuity providing equal monthly payments for the lifetime of the Member with no survivor benefits.

Single Life Annuity means a monthly retirement benefit payable for the lifetime of the Participant, with no continuing payments following the Participant’s death.

Examples of Single Life Annuity in a sentence

Single Life Annuity with Payment for a Certain Number of Years, with a Ratchet: We will provide annuity payments, beginning on the Annuity Income Date, during the life of the sole Annuitant with a guarantee that if, at the Annuitant's death, annuity payments have been made for less than the number of years elected, then annuity payments will continue thereafter to you (or the payee you designate) for the remainder of the period.
Single Life Annuity with Payment for a Certain Number of Years, with a Floor: We will provide annuity payments, beginning on the Annuity Income Date, during the life of the sole Annuitant with a guarantee that if, at the Annuitant's death, annuity payments have been made for less than the number of years elected, then annuity payments will continue thereafter to you (or the payee you designate) for the remainder of the period.
Single Life Annuity: We will provide annuity payments, beginning on the Annuity Income Date, during the life of the sole Annuitant.
Single Life Annuity, with a Floor: We will provide annuity payments, beginning on the Annuity Income Date, during the life of the sole Annuitant.
Single Life Annuity, with a Ratchet: We will provide annuity payments, beginning on the Annuity Income Date, during the life of the sole Annuitant.

More Definitions of Single Life Annuity

Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

Single Life Annuity means a benefit payable monthly during the Participant’s lifetime, commencing as of his Benefit Calculation Date and ending with the payment due on the first day of the calendar month in which the Participant’s death occurs.

Single Life Annuity means a Participant’s Plan Benefit payable in monthly installments over the life of the Participant, commencing as of the Payment Date and ending with the payment due for the month in which the Participant dies, with no further payments on his behalf after his death.

Single Life Annuity means, with respect to a Participant, a form of payment under which the benefit is paid in monthly installments commencing as set forth in Section 3.4 and continuing for the lifetime of the Participant.

Single Life Annuity means an annuity (i.e., a form of benefit without life insurance which provides for equal payments at regular installments over more than a one year period) payable as follows. Monthly payments are made to a Participant for his life and end with the last payment due for the calendar month in which the date of the Participant’s death occurs. The monthly amount of a Single Life Annuity is determined under the provisions of Subsection 7.2.1 below and certain other provisions of the Plan.

Single Life Annuity means an annuity payable for the life of an individual, with no payments after the death of such individual.

Single Life Annuity means an annuity providing level monthly payments over the life of the annuitant.