Common use of Period Certain Annuity Clause in Contracts

Period Certain Annuity. Prudential will make monthly Annuity Payments to the Annuitant equal to the Annuity Amount. Prudential will make the first monthly payment on the Annuity Start Date. Prudential will pay subsequent payments on the first day of each month. The total number of payments Prudential will make is the Guaranteed Number of Payments. Once such Guaranteed Number of Payments has been paid, no further payments are due. After the death of the Annuitant, Prudential will compare the total number of payments made to the Annuitant on and after the Annuity Start Date to the Guaranteed Number of Payments. If the number of payments made is less than the Guaranteed Number of Payments, Prudential will pay the lump sum (full value) of the remaining Guaranteed Number of Payments in accordance with the priority order of the second paragraph of Section 2.6.