Common use of Choices to be Made Clause in Contracts

Choices to be Made. The Certificate Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 2, 3, or 4 (see 4.09). The first Annuity payment may not be earlier than one calendar year after the Purchase Payment nor later than the first day of the month following the Annuitant's 85th birthday. When an Annuity Option is chosen, Aetna must also be told if payments are to be made other than monthly and whether to pay: (a) A Fixed Annuity using the AG Account; (b) A Variable Annuity using any of the Fund(s) available under this Contract for Annuity purposes; or

Appears in 1 contract

Sources: Individual Retirement Annuity Rollover Account Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

Choices to be Made. The Certificate Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 2, 3, or 4 (see 4.094.07). The first Annuity payment may not be earlier than one calendar year after the initial Purchase Payment nor later than the first day of the month following the Annuitant's 85th 90th birthday. When an Annuity Option option is chosen, Aetna must also be told if payments are to be made other than monthly and whether to pay: (a) A Fixed Annuity using the AG General Account; ; (b) A Variable Annuity using any of the Fund(s) available under this Contract for Annuity purposes; or (c) A combination of (a) and (b).

Appears in 1 contract

Sources: Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)

Choices to be Made. The Certificate Holder may tell Aetna to apply any portion of the Adjusted Current Value (minus any premium tax) for an Annuity under option 2, 3, or 4 (see 4.094.07). The first Annuity payment may not be earlier than one calendar year after the initial Purchase Payment nor later than the first day of the month following the Annuitant's 85th 90th birthday. When an Annuity Option option is chosen, Aetna must also be told if payments are to be made other than monthly and whether to pay: 4.01 Choices to be Made (a) A Fixed Annuity using the AG General Account; (Cont'd): (b) A Variable Annuity using any of the Fund(s) available under this Contract for Annuity purposes; or

Appears in 1 contract

Sources: Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)