Common use of Deferral of Payments Clause in Contracts

Deferral of Payments. If approved in writing by the chief insurance regulator of the Company's state of domicile, the Company may defer payment of Your request for a partial and/or total withdrawal from the Contract for a period not exceeding six (6) months. The Company will credit interest on deferred amounts as required by law. The Company will not defer payment of death benefits.

Appears in 8 contracts

Sources: Annuity Contract (Jackson National Life Insurance Co (RILA)), Annuity Contract (Jackson National Life Insurance Co (RILA)), Annuity Contract (Jackson National Life Insurance Co (RILA))