Common use of Time Period for Payment Clause in Contracts

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan or death benefit within seven days of receiving your Written Notice or Written Request, or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender, loan or death benefit payment from the Subaccounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Owners; or (3) The Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account or the determination of the value of the Variable Account’s net assets not reasonably practicable. For any surrender, partial surrender, loan or transfer from the Fixed Account, we have the right to postpone making a payment to you for up to six months from the date of Written Notice. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the rate required by the state in which this Contract is delivered.

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan cash surrender value or death benefit within seven days of receiving your Written Notice or Written Request, written request or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender, loan surrender or death benefit payment from the Subaccounts subaccounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Ownersowners; or (3) The Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account variable account or the determination of the value of the Variable Accountvariable account’s net assets not reasonably practicable. For any surrender, partial surrender, loan surrender or transfer from the Fixed Accountfixed account, we have the right to postpone making a payment to you for up to six months from the date of Written Noticewritten notice. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) ), we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the we receive documentation at 3% (or such higher rate required by the state in which this Contract is deliveredfor a particular state).

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan loan, or death benefit within seven days of receiving your Written Notice or Written Request, or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender, loan loan, or death benefit payment from the Subaccounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Owners; or (3) The the Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account or the determination of the value of the Variable Account’s net assets not reasonably practicable. For any surrender, partial surrender, loan loan, or transfer from the Fixed Account, we have the right to postpone making a payment to you for up to six months from the date of Written Notice, except for any loan made to pay premiums due to the Company. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the rate required by the state in which this Contract contract is delivered.

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan cash surrender value or death benefit within seven days of receiving your Written Notice or Written Request, written request or receipt and filing of due proof of deathdeath (including any documents we require to process and make the payment). However, we have the right to suspend or delay the date of any surrender, partial surrender, loan surrender or death benefit payment from the Subaccounts subaccounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Ownersowners; or (3) The Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account variable account or the determination of the value of the Variable Accountvariable account’s net assets not reasonably practicable. For any surrender, partial surrender, loan surrender or transfer from the Fixed Accountfixed account, we have the right to postpone making a payment to you for up to six months from the date of Written Noticewritten notice. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) ), we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the we receive documentation at 3% (or such higher rate required by the state in which this Contract is deliveredfor a particular state).

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan cash surrender value or death benefit within seven days of receiving your Written Notice or Written Request, written request or receipt and filing of due proof of deathdeath (including any documents we require to process and make the payment). However, we have the right to suspend or delay the date of any surrender, partial surrender, loan surrender or death benefit payment from the Subaccounts subaccounts for any period during which: (1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Ownersowners; or (3) The Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account variable account or the determination of the value of the Variable Accountvariable account’s net assets not reasonably practicable. J187 For any surrender, partial surrender, loan surrender or transfer from the Fixed Accountfixed account, we have the right to postpone making a payment to you for up to six months from the date of Written Noticewritten notice. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) ), we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the we receive documentation at 3% (or such higher rate required by the state in which this Contract is deliveredfor a particular state).

Time Period for Payment. We will normally pay out any surrender, partial surrender, loan loan, or death benefit within seven days of receiving your Written Notice or Written Request, or receipt and filing of due proof of death. However, we have the right to suspend or delay the date of any surrender, partial surrender, loan loan, or death benefit payment from the Subaccounts for any period during which: (: 1) the New York Stock Exchange is closed, other than customary weekend and holiday closings, or trading on the New York Stock Exchange is restricted as determined by the Securities and Exchange Commission; or (or 2) the Securities and Exchange Commission permits by an order the postponement for the protection of contract Owners; or (or 3) The the Securities and Exchange Commission determines that an emergency exists that would make the disposal of securities held in the Variable Account or the determination of the value of the Variable Account’s net assets not reasonably practicable. For any surrender, partial surrender, loan loan, or transfer from the Fixed Account, we have the right to postpone making a payment to you for up to six months from the date of Written Notice, except for any loan made to pay premiums due to the Company. If payment is not made within 30 days after receipt of documentation necessary to complete the transaction (or such shorter period required by a particular jurisdiction) we will add interest to the amount paid from the date of receipt of documentation. We will determine this annual interest rate but it will never be less than the rate required by the state in which this Contract contract is delivered.