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UPA ANNUITY PLANS
Pertinent Information on specific plans.
See Previous Page for general information
THE FLEXIBLE PREMIUM DEFERRED ANNUITY
| Flexible Premiums (Deposits) |
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Premium payments (deposits) can be regular or flexible. The amount and/or number of deposits can vary monthly and/or annually.
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| Premium Limits |
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The minimum initial deposit $500. The minimum amount for subsequent payments is $25 each. Total deposits in any one year cannot exceed $50,000 without prior UPA consent.
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| Premium Notices |
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Premium notices will be issued according to the payment mode chosen and in the amount specified in the Application. Payment modes and amounts can be changed if so desired.
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| Maturity Date |
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The maturity date indicated on the Application is chosen by the applicant. It is usually at or near retirement age 65. If the Application is age 56 or more, suggest a maturity date 10 years after the issue date. The maturity date can be changed, if so desired, by written notice to the UPA prior to the settlement date. See Contract.
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THE SINGLE PREMIUM DEFERRED ANNUITY
| Single Payment (Deposit) |
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For this annuity only one/single deposit is made. It will accumulate at interest until the selected future settlement date, usually at retirement age 65 or later.
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| Annuity Amount |
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The minimum payment (deposit) is $1,000 up to age 55 and $5,000 at age 55 and over.
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| Maturity Date |
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Same as written for the Flexible Premium Deferred Annuity.
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THE SINGLE PREMIUM IMMEDIATE ANNUITY
| Single Payment (Deposit) |
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Only one single payment (deposit) is made.
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| Annuity Amount |
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The minimum deposit is $5,000.
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| Maturity Date |
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The effective Maturity Date shall be within 60 days of Application and deposit.
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| Annuity Payments |
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Annuity Payment checks will be issued according to the mode chosen.
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Note: The first annuity payment check will be issued within 60 days of receipt of Application and deposit.
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