For the purpose of determining the benefits calculated under §§ 56-36-106 and 56-36-107, in the case of annuity contracts under which an election may be made to have annuity payments commenced at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.
Tenn. Code Ann. § 56-36-108
Maturity date
Known as the Standard Nonforfeiture Law
The act spans §§ 56-36-101 to 56-36-113 (13 sections).
Acts 1978, ch. 590, § 8; T.C.A., § 56-4608.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.