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Common use of the Maximum Anniversary Value Clause in Contracts

the Maximum Anniversary Value. If the Owner's death occurs after the deceased Owner's 90th birthday, the Death Benefit will be equal to the Contract Value.

Appears in 2 contracts

Sources: Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (American Foundation Variable Annuity Separate Account), Individual Flexible Premium Deferred Fixed and Variable Annuity Contract (American Foundation Variable Annuity Separate Account)

Related Clauses

  • Anniversary Date
  • per Share
  • Reallocation to a Class with a Lower Salary Range Maximum
  • Minimum Amounts and Maximum Number of Eurodollar Tranches
  • CONTRACT ANNIVERSARY

Sub-Clauses

  • GUARANTEED NUMBER OF PAYMENTS
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