SUBSEQUENT PREMIUM PAYMENTS definition

SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment of at least the minimum amount shown in the current prospectus. Notwithstanding the foregoing, We reserve the right to not accept additional premium payments at any time for any reason. PROOF OF AGE, SEX AND SURVIVAL: We reserve the right to require proof of age, sex or survival of any person upon whose age, sex or survival any payments depend. In addition, for life contingent Payment Options, We reserve the right to require proof of the Annuitant's survival before any Annuity Date.

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SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment of at least the minimum amount shown on the specification page. PROOF OF AGE, SEX, AND SURVIVAL: We reserve the right to require proof of age, sex or survival of any person upon whose age, sex, or survival any payments depend. In addition, for life contingent Payment Options, We reserve the right to require proof of the Annuitant's survival before any Annuity Date.

Examples of SUBSEQUENT PREMIUM PAYMENTS in a sentence

THE SAME ALLOCATIONS WILL BE MADE FOR SUBSEQUENT PREMIUM PAYMENTS UNLESS YOU CHANGE THE ALLOCATION OR, AT THE TIME OF A PREMIUM PAYMENT, YOU INSTRUCT US TO ALLOCATE THAT PAYMENT DIFFERENTLY.
OWNER: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ BENEFICIARY: The person(s) designated by the Owner and recorded by the Company MINIMUM SUBSEQUENT PREMIUM PAYMENTS: $2,000 PER FIXED ACCOUNT GUARANTEED PERIOD $ 100 PER VARIABLE ACCOUNT SUB-ACCOUNT SCHEDULE OF CHARGES AND FEES ---------------------------- Withdrawal Charges: The Withdrawal charges applicable under this contract are as follows.
SUBSEQUENT PREMIUM PAYMENTS Subsequent Premium Payments may be made at any time subject to the following conditions: - only one Subsequent Premium Payment may be made in any Contract year; - each Subsequent Premium Payment must be at least $500; and - the attained Joint Equal Age of the Insureds must be less than age 86.
THE SAME ALLOCATION WILL BE MADE FOR SUBSEQUENT PREMIUM PAYMENTS UNLESS YOU CHANGE THE ALLOCATION OR, AT THE TIM OF A PREMI▇▇ PAYMENT.
DATE SUBSEQUENT PREMIUM PAYMENTS CREDITED Premium payments after the initial premium payment will be credited to the accounts under this contract on the Date of Receipt.
OWNER: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ BENEFICIARY: The person(s) designated by the Owner and recorded by the Company MINIMUM SUBSEQUENT PREMIUM PAYMENTS: $2,000 PER FIXED ACCOUNT GUARANTEED PERIOD $ 100 PER VARIABLE ACCOUNT SUB-ACCOUNT SCHEDULE OF CHARGES AND FEES Withdrawal Charges: The Withdrawal charges applicable under this contract are as follows.

More Definitions of SUBSEQUENT PREMIUM PAYMENTS

SUBSEQUENT PREMIUM PAYMENTS means premium payments received subsequent to the Rider Date, excluding premium payments received on any Rider Anniversary, and excluding any premium bonus payments or premium enhancements received while the rider is in effect. 08GMWB 3 OVERVIEW Subject to the terms and conditions described herein, this rider provides for a guaranteed minimum withdrawal benefit. This benefit guarantees that you may receive withdrawals or payments of the Annual Benefit Amount for the life of the Covered Person(s) each Rider Year after the Benefit Eligibility Date. You may not assign your interest in this rider without our prior written approval. If you assign your rights or interest in this rider, it will immediately terminate without value. Investment Restrictions For this rider to be effective, the entire Contract Value must be invested in accordance with an Approved Asset Allocation Model. Failure to meet the investment restrictions will result in the immediate termination of this rider without value. Adjustment for Misstatement of Age If the age of any Covered Person has been misstated, the Benefit Base and Annual Benefit Amount will be adjusted based on such Covered Person's correct age. Annual Benefit Percentage The Annual Benefit Percentage is used to determine the Annual Benefit Amount. It is based on the attained age of the youngest Covered Person on the later of the date of the first withdrawal and the Benefit Eligibility Date and is shown in the table in the rider specifications. Annual Benefit Amount The Annual Benefit Amount is the amount that is guaranteed to be available for withdrawal or payment each Rider Year if all Covered Persons are living (Single Life Option) or at least one Covered Person is living (Spousal Life Option). If your Contract Value is greater than zero, the Annual Benefit Amount represents the maximum amount you can withdraw each Rider Year without reducing the Benefit Base. If your Contract Value is reduced to zero, the Annual Benefit Amount represents the annual lifetime amount we will pay you if all Covered Persons are living (Single Life Option) or at least one Covered Person is living (Spousal Life Option). Prior to the Benefit Eligibility Date, the Annual Benefit Amount is equal to zero. The Annual Benefit Amount is calculated on the later of the date of the first withdrawal and the Benefit Eligibility Date. On the date it is calculated, the Annual Benefit Amount equals the Annual Benefit Percentage multiplied by the Benefit Base. Th...

SUBSEQUENT PREMIUM PAYMENTS means premium payments received subsequent to the Rider Date, excluding premium payments received on any Rider Anniversary, and excluding any premium bonus payments or premium enhancements received while the rider is in effect. 08GMWB 3 OVERVIEW Subject to the terms and conditions described herein, this rider provides for a guaranteed minimum withdrawal benefit. This benefit guarantees that you may receive withdrawals or payments of the Annual Benefit Amount for the life of the Covered Person(s) each Rider Year after the Benefit Eligibility Date. You may not assign your rights or interest in this rider without our prior written approval. If you do so, the rider will immediately terminate without value. You are only permitted to assign your rights or interest in this rider after receiving our prior written approval Asset Allocation and Strategic Programs We require that the entire Contract Value be invested in accordance with an approved asset allocation or strategic program. Our asset allocation and strategic programs do not include the Guaranteed Interest Account (GIA). Therefore, you may not allocate funds into the GIA while this rider is in effect. Transfers to reallocate the Contract Value in order to comply with such restrictions will not count toward the annual transfer limit under the terms of your contract. Failure to remain in an approved asset allocation or strategic program will result in the termination of this rider without value. If the rider terminates for this reason, we will provide you with notice that the rider has terminated. You will have 30 days to request transfer back into an approved asset allocation or strategic program in order to reinstate the rider. Contract Values invested in accordance with an approved asset allocation or strategic program will be rebalanced to their original allocation percentages regularly. The frequency of rebalancing depends on the program selected by you on the Rider Date, or as later changed. The rebalancing frequency can be monthly, quarterly, semi-annually, or annually depending on the program. If you have any questions about the rebalancing of your specific program or the frequency at which it is rebalanced, please contact us. You will be provided with additional information about your specific program.

SUBSEQUENT PREMIUM PAYMENTS. Owners may make an additional premium payment not less than the minimum amount shown on the Contract Schedule. PROOF OF AGE, SEX AND SURVIVAL: We reserve the right, at reasonable intervals, to require proof of