Specified Percentage. Payment of a designated percentage which cannot be greater than the percentage of the Current Value at the time of election as shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment by the designated percentage.
Appears in 5 contracts
Sources: Insurance Contract (VOYA RETIREMENT INSURANCE & ANNUITY Co), Insurance Contract (Variable Annuity Account I of Aetna Insurance Co of America), Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Specified Percentage. Payment Payments of a designated percentage which cannot be greater than the percentage of the Current Value at the time of election as shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment year by the designated percentage. Payments upon the Contract Holder's death will continue to the Beneficiary in the manner described in 3.11.
Appears in 2 contracts
Sources: Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Specified Percentage. Payment Payments of a designated percentage which cannot be greater than the percentage of the Current Value at the time of election as shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment year by the designated percentage.
Appears in 2 contracts
Sources: Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Specified Percentage. Payment Payments of a designated percentage which cannot be greater than the percentage of the Current Value at the time of election as shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment year by the designated percentage. Payments upon the Contract ▇▇▇▇▇▇'s death will continue to the Beneficiary in the manner described in 3.11.
Appears in 2 contracts
Sources: Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co), Insurance Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)
Specified Percentage. Payment of a designated percentage which cannot be greater than the percentage of the Current Value at the time of election as shown on in Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment by the designated percentage. Payments will be made each year until the year the Participant attains age 70-1/2.
Appears in 1 contract
Sources: Retirement Plan Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)
Specified Percentage. Payment of a designated percentage which cannot be greater than the percentage of the Current Value at the time of election as shown on Contract Schedule I. The percentage may be changed by written request. Aetna reserves the right to limit the number of times the percentage may be changed. The annual amount is calculated by multiplying the Current Value as of December 31 of the year prior to the payment by the designated percentage. Payments upon the Certificate Holder's or Annuitant's death will be made to the Beneficiary in the manner described in 3.12.
Appears in 1 contract
Sources: Group Annuity Contract (Variable Annuity Account B of Aetna Life Ins & Annuity Co)