Montana § 33-20-509 Maturity Date

Montana Statutes

§ 33-20-509 — Maturity Date

Montana § 33-20-509

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 20LIFE INSURANCE

Part 5Standard Nonforfeiture Law Individual Deferred Annuities

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Bluebook

Mont. Code Ann. § 33-20-509 (2026).

Text

33-20-509 . Maturity date. For the purpose of determining the benefits calculated under 33-20-507 and 33-20-508 , in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date is the latest date for which election is permitted by the contract but may not be later than the anniversary of the contract next following the annuitant's 70th birthday or the 10th anniversary of the contract, whichever is later.

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33-20-509 . Maturity date. For the purpose of determining the benefits calculated under 33-20-507 and 33-20-508 , in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date is the latest date for which election is permitted by the contract but may not be later than the anniversary of the contract next following the annuitant's 70th birthday or the 10th anniversary of the contract, whichever is later.