Common use of Frequency of Payments Clause in Contracts

Frequency of Payments. Variable Retirement Annuity payments under this contract will be paid monthly, except that, if at any time such monthly payments are less than $20 each, the Company shall have the right to make payments at less frequent intervals, or the Company may make such other settlement as may be equitable to the payee.

Appears in 3 contracts

Sources: Group Variable Annuity Contract (Aul American Life Pooled Equity Fund B), Group Variable Annuity Contract (Aul American Life Pooled Equity Fund B), Group Variable Annuity Contract (Aul American Life Pooled Equity Fund B)