Maximum Annuity Date definition

Maximum Annuity Date. The oldest Owner’s or Annuitant’s [ 95th ] birthday.
View Source
Maximum Annuity Date. Later of the oldest owner's or annuitant's 90th birthdate Date of Continuance: XXXXXXXX Optional Enhanced Death XXXXXXXXXXXXXXXXXXXXXX Benefit Rider: Guaranteed Roll-up Death Benefit Interest Rate: Class 1 Accumulation Options XXXXXX Class 2 Accumulation Options XXXXXX Agent: XXXXXXXXXXXXXXXXXXXXXXXXX Contract Schedule Beneficiary Information Primary beneficiary(ies): XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX Contingent beneficiary(ies): XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXX We declare a fixed account interest rate for each allocation to the fixed account for an initial period when the allocation is made and at the start of each subsequent interest period. This interest rate will never be less than the minimum guaranteed fixed account interest rate. The minimum guaranteed fixed account interest rate is: Contract Years 1 - 10 2.00% 11 + 3.00% The initial period is: Through the contract year in which the allocation is made. Subsequent periods are: Each next contract year.
View Source
Maximum Annuity Date. [Later of the Contract Anniversary following the 90th birthday of the oldest Owner or Annuitant initially designated or the 10/th/ Contract Anniversary]
View Source

Examples of Maximum Annuity Date in a sentence

  • The Annuity Date may not be later than the Maximum Annuity Date without our consent.

  • Annuity Date — When the Contract is issued, the Annuity Date is set to the Maximum Annuity Date as shown on the Schedule.

  • If you select an Annuity Date that occurs before the Maximum Annuity Date, the Contract Value as of the Valuation Period that includes the Annuity Date, less any applicable premium tax, may be taken in a lump sum, or that amount may be applied as described in the Contract’s ‘ANNUITY INCOME PAYMENTS’ section.

  • If you do not begin Annuity Payments before the Maximum Annuity Date, we will begin Annuity Payments on the Maximum Annuity Date if the Contract Value on that date is greater than zero.

  • Protected Lifetime Payment — The annual amount payable in fixed monthly installments under the Protected Lifetime Payment Annuity Option beginning on the Maximum Annuity Date.

  • When the Contract is issued, the Annuity Date is set to the Maximum Annuity Date as shown on the Schedule.

  • Your requested Annuity Date must be on an Index Anniversary, and cannot be earlier than thirteen months after the Issue Date or later than the Maximum Annuity Date.

  • For avoidance of doubt, Claims will not include any other form of annuity payments, upon the occurrence of the Maximum Annuity Date or otherwise, including Life Only fixed annuity payments based on the Net Contract Value, less applicable charges determined under the current or guaranteed income factors.

  • In the event annuitization occurs at the Maximum Annuity Date specified in the Contract, Claims will also include the lifetime payment by the Ceding Company of Protected Payment Amounts after the Contract Value at annuitization, less any applicable premium taxes, increased at the statutory interest rate required for payout annuities and decreased for the benefits paid has been reduced to zero.

  • Annuity Date – When the Contract is issued, the Annuity Date is set to the Maximum Annuity Date as shown on the Schedule.

Related to Maximum Annuity Date

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Annuity Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Starting Date means the date referred to in Clause 3.3 hereof;

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.