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Maturity Date

Maturity Date for policies issued by the companies will be the Owner/Annuitant’s 95th or 100th birthday depending on the annuity product, as defined in the Contract Data page of the contract . If the contract remains in force on that date, the contract will be automatically annuitized into a Life and 10 Year Term Certain Payout.

Payments will continue for the life of the Owner/Annuitant or, if they die during the first 10 years, will continue to the primary beneficiaries until a total of 120 equal payments have been made.

Owners / Annuitants who do not wish to have their contract annuitized may send us a written request that the Maturity Date be extended.

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