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 4.07). The first Annuity payment may not be earlier than one calendar year after the initial Purchase Payment nor later than the later of: (a) the first day of the month following the Annuitant's 85th birthday or (b) the tenth anniversary of the last Purchase Payment. In lieu of the election of an Annuity, the Certificate Holder may tell Aetna to make a lump sum payment. When an Annuity 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 (Cont'd): (a) A Fixed Annuity using the 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). If a Fixed Annuity is chosen, the Annuity purchase rate for the option chosen reflects the Minimum Guaranteed Interest Rate (see Contract Schedule II), but may reflect higher interest rates. If a Variable Annuity is chosen, the initial Annuity payment for the option chosen reflects the assumed annual return rate elected. (see Contract Schedule II).

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 4.074.09). The first Annuity payment may not be earlier than one calendar year after the initial Purchase Payment nor later than the later of: (a) the The first day of the month following the Annuitant's 85th birthday or (b) the The tenth anniversary of the last Purchase Payment. In lieu of the election of an Annuity, the Certificate Holder may tell Aetna to make a lump sum payment. 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 (Cont'd): (a) A Fixed Annuity using the General Account; ; (b) A Variable Annuity using any of the Fund(s) available under this Contract for Annuity purposes; or or (c) A combination of (a) and (b). If a Fixed Annuity is chosen, the Annuity purchase rate for the option chosen reflects the Minimum Guaranteed Interest Rate (see Contract Schedule II), but may reflect higher interest rates. If a Variable Annuity is chosen, the initial Annuity payment for the option chosen reflects the assumed annual return rate elected. (see Contract Schedule II).

Choices to be Made. The Certificate Contract 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 4.074.09). The first Annuity payment may not be earlier than one calendar year after the initial Purchase Payment nor later than the later of: (a) the The first day of the month following the Annuitant's 85th birthday or (b) the The tenth anniversary of the last Purchase Payment. In lieu of the election of an Annuity, the Certificate Contract Holder may tell Aetna to make a lump sum payment. When an Annuity 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 (Cont'd): (a) A Fixed Annuity using the General Account; ; (b) A Variable Annuity using any of the Fund(s) available under this Contract for Annuity purposes; or or (c) A combination of (a) and (b). If a Fixed Annuity is chosen, the Annuity purchase rate for the option chosen reflects at least the Minimum Guaranteed Interest Rate (see Contract Schedule II), but may reflect a higher interest ratesrate. If a Variable Annuity is chosen, the initial Annuity payment for the option chosen reflects the assumed annual return rate elected. (see Contract Schedule II).