Common use of Frequency of Payments Clause in Contracts

Frequency of Payments. Annuity payments under this Contract will be made monthly, except that, if such payments would amount to less than $20 each, Aetna reserves the right to make payments at less frequent intervals, but not less frequently than annually; provided, however, that if on the Annuity Commencement Date the annual rate of payment to any payee is less than $100, Aetna may make such other settlement as may be equitable to the payee. TABLES

Appears in 1 contract

Sources: Group Deposit Administration Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

Frequency of Payments. Annuity payments under this Contract will be made monthly, except that, if such payments would amount to less than $20 25 each, Aetna reserves the right to make payments at less frequent intervals, but not less frequently than annually; provided, however, that if on the Annuity Commencement Date at any time the annual rate of payment to any payee is less than $100, Aetna may make such other settlement as may be equitable to the payee. TABLES

Appears in 1 contract

Sources: Group Retirement Annuity Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)

Frequency of Payments. Annuity payments under this Contract will be made monthly, except that, that if such payments would amount to less than $20 10 each, Aetna EALIC reserves the right to make payments payment at less frequent intervals, but not less frequently than annually; provided, provided however, that if on the Annuity Commencement Date at any time the annual rate of payment to any payee is less than $100120, Aetna EALIC may make such other settlement as may be equitable to the payee. TABLESAnnuitant.

Appears in 1 contract

Sources: Retirement Annuity Contract (Variable Annuity Life Insurance Co Separate Account A)