Common use of Specified Percentage Clause in Contracts

Specified Percentage. Payment of a designated Withdrawal Option percentage which cannot be greater than the (SWO) (Cont'd): 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.

Specified Percentage. Payment Payments of a Option (SWO) (Cont'd): designated Withdrawal Option percentage which cannot be greater than the (SWO) (Cont'd): 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 Certificate Contract Holder's or Annuitant's death will be made continue to the Beneficiary in the manner described in 3.123.11.