Common use of Certain and Life Annuity Clause in Contracts

Certain and Life Annuity. An annuity payable monthly during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than a stated certain period, which may be five, ten, fifteen or twenty years, as elected, annuity payments will be continued during the remainder of said period to the beneficiary designated by the Annuitant.

Appears in 2 contracts

Sources: Group Variable Annuity Contract (Aul American Life Pooled Equity Fund B), Group Variable Annuity Contract (Aul American Life Pooled Equity Fund B)