MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid.
Appears in 6 contracts
Sources: Annuity Contract (Lpla Separate Account One), Insurance Contract (United Companies Separate Account One), Annuity Contract (Lpla Separate Account One)
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments overpayment will be deducted from future Annuity Payments until the total is repaid.
Appears in 4 contracts
Sources: Group Contract (Great American Reserve Variable Annuity Account G), Insurance Contract (Great American Reserve Variable Annuity Account F), Insurance Contract (Great American Reserve Variable Annuity Account G)
MISSTATEMENT OF AGE. If the Age of the Annuitant, or the Age of any Annuitant designated second person, has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid.
Appears in 2 contracts
Sources: Individual Flexible Purchase Payment Deferred Variable Annuity Contract (First Variable Annuity Fund E), Individual Flexible Purchase Payment Deferred Variable Annuity Contract (First Variable Annuity Fund E)
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY: A Certificate will not be contestable after it has been in force for a period of two years from the Certificate Issue Date.
Appears in 2 contracts
Sources: Allocated Fixed and Variable Annuity Group Contract (United Companies Separate Account One), Allocated Fixed and Variable Group Annuity Contract (United Companies Separate Account One)
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY : A Certificate will not be contestable from the date of issue.
Appears in 2 contracts
Sources: Allocated Fixed and Variable Group Annuity Contract (Great American Reserve Insurance Co), Allocated Fixed and Variable Group Annuity Contract (Great American Reserve Variable Annuity Account G)
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. Any underpayment or overpayment by the Company on account of misstatement of age, shall with an interest rate of 1% compounded annually, be charged/credited against the current or next succeeding payments to be made by the Company.
Appears in 1 contract
Sources: Insurance Contract (Jefferson National Life Annuity Account G)
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments underpayment will be made up in one sum with the next Annuity Payment. Any overpayments overpayment will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY: This Contract will not be contestable from the date of issue.
Appears in 1 contract
Sources: Insurance Contract (Jefferson National Life Annuity Account F)
MISSTATEMENT OF AGE. If the Age of any Annuitant has been misstated, any Annuity benefits payable will be the Annuity benefits provided by the correct Age. After Annuity Payments have begun, any underpayments will be made up in one sum with the next Annuity Payment. Any overpayments will be deducted from future Annuity Payments until the total is repaid. INCONTESTABILITY: This Contract will not be contestable from the date of issue.
Appears in 1 contract
Sources: Insurance Contract (Jefferson National Life Annuity Account G)