Common use of Benefit Determinations Clause in Contracts

Benefit Determinations. The Contractholder will furnish to us whatever information is necessary to establish the eligibility for and amount of annuity or other benefit due. We rely solely on the Contractholder's instructions and certifications with respect to your benefits. The Contractholder is fully responsible for determining: (a) whether benefit payments are permitted under applicable law and the Plan and (b) the existence or amount of Excess Contributions (plus gains or minus losses thereon), or that returns of Excess Contributions are permitted by the Plan and the Code. We may rely on the Contractholder's or its designee's statements or representations in honoring any benefit payment request. [We require that you execute and submit to us an affidavit which we prepare in order that we may process your benefit payable under the contract if the Contractholder, the Plan Sponsor, the Plan Trustee, and the Plan Administrator are no longer in existence at the time we receive your benefit payment request.]

Appears in 1 contract

Sources: Guaranteed Benefit Employer Sponsored Tda and Qualified Plan (Aul American Unit Trust)

Benefit Determinations. The Contractholder will furnish to us whatever information is necessary to establish the eligibility for and amount of annuity or other benefit due. We rely solely on the Contractholder's instructions and certifications with respect to your benefits. The Contractholder is fully responsible for determining: (a) whether benefit payments are permitted under applicable law and the Plan and (b) the existence or amount of Excess Contributions (plus gains or minus losses thereon), or that returns of Excess Contributions are permitted by the Plan and the Code. We may rely on the Contractholder's or its designee's statements or representations in honoring any benefit payment request. [We require that you execute and submit to us an affidavit which we prepare in order that we may process your benefit payable under the contract Contract if the Contractholder, the Plan Sponsor, the Plan Trustee, and the Plan Administrator are no longer in existence at the time we receive your benefit payment request.]

Appears in 1 contract

Sources: Guaranteed Benefit Employer Sponsored Tda Contract (Aul American Unit Trust)