Common use of Deferral of Payment Clause in Contracts

Deferral of Payment. We reserve the right to delay payment of a surrender or withdrawal after we receive your Request in Good Order for it. We may delay such payment for up to six months upon receipt of written approval from the Commissioner of Insurance of the State of Ohio.

Appears in 3 contracts

Sources: Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co), Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co), Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co)

Deferral of Payment. We reserve the right to delay payment of a surrender or withdrawal after we receive your Request in Good Order for it. We may delay such payment for up to six months upon receipt of written approval from the Commissioner of Insurance of the State of Ohio.. ICC24-P1833624NW 19 [XX]

Appears in 1 contract

Sources: Individual Deferred Index Linked Variable Annuity Contract (Massmutual Ascend Life Insurance Co)