Variable Annuity Payments definition

Variable Annuity Payments. The value of a variable annuity payment is based on the annuity units on the annuity date. The number of annuity units attributable to each subaccount under a contract remains fixed unless there is an exchange of annuity units.
Variable Annuity Payments means a series of periodic payments which are not guaranteed as to dollar amounts but which will increase or decrease to reflect the investment experience of the Common Stock Division of Separate Account B. Periodic payments made pursuant to the Flexible Income Option as described in Article IVA, Section 2, are not Variable Annuity Payments.
Variable Annuity Payments provisions in this Contract.

Examples of Variable Annuity Payments in a sentence

  • For Variable Annuity Payments, the Variable Annuity Tables are based on the Annuity 2000 Mortality Table with 7-year age setback and an Assumed Investment Return (AIR) of 3.00%.

  • ANNUITY UNIT A unit of measure used to compute Variable Annuity Payments.

  • With respect to Fixed Annuity Payments, the amount of the Annuity Payment, and with respect to Variable Annuity Payments, the number of Annuity Units used to determine the Annuity Payment, is reduced as of the first Annuity Payment following the Annuitant's death.

  • Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • You may elect to have the present value of the guaranteed Variable Annuity Payments remaining, as of the date due proof of the Annuitant's death is received at our Annuity Service Office, commuted at the Assumed Investment Return selected.

  • Variable Annuity Payments will reflect the investment experience of the Separate Account in accordance with the allocation of the Account Value to the Subaccounts.

  • The Company will determine the second and subsequent Variable Annuity Payments in two (2) steps.

  • Variable Annuity Payments are not affected by expenses other than taxes.

  • Variable Annuity Payments will fluctuate with the performance of the Subaccount(s).

  • Therefore, if an Investment Division's actual net investment rate is greater than or less than the assumed net investment rate, Variable Annuity Payments will increase or decrease accordingly over time.


More Definitions of Variable Annuity Payments

Variable Annuity Payments. A series of payments made during the Annuity Period which vary in amount with the investment experience of each applicable Sub- Account.
Variable Annuity Payments provisions in this Contract. For Information, Service or to make a Complaint Contact a Registered Representative, or the AMFLIC Annuity Service Center AMFLIC Annuity Service Center P.O. Box 4636 Houston, Texas 77210-4636 (000) 000-0000 (000) 000-0000 [American Franklin Logo] A STOCK COMPANY A Subsidiary of American General Corporation FORM T1575Z
Variable Annuity Payments. With respect to Variable Annuity Payments, the amounts shown on the Tables are the guaranteed minimum first Annuity Payment, based on the assumed interest rate of 3.5% for Annuity Option 1. The amount of each Annuity Payment after the first for these options is computed by means of Annuity Units. ALTERNATE ANNUITY OPTION RATES The Company may, at the time of election of an Annuity Option, offer more favorable rates in lieu of the guaranteed rates shown in the Annuity Tables. -11- BP 602641 -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (Continued) -------------------------------------------------------------------------------- ANNUITY OPTIONS OPTION 1 LIFE WITH 25 YEARS CERTAIN: This option provides payments for the life of the Annuitant with 25 years certain. Payments will be made to the end of this period certain even if the Annuitant dies prior to the end of the period. If the Annuitant dies before receiving all the payments during the fixed period. If the Annuitant dies before receiving all the payments during the fixed period, the remaining payments will be made to the Designated Beneficiary. Table A shows some of the guaranteed rates for this option.
Variable Annuity Payments provisions in this Contract. For Information, Service or to make a Complaint Contact Your Registered Representative, or the Annuity Administration Department American General Life Insurance Company 0000-X Xxxxx Xxxxxxx P.O, Box 1401 Houston, Texas 77251-1401 (000) 000-0000 A STOCK COMPANY
Variable Annuity Payments start on the Annuity Commencement Date. Payments will vary in amount and are determined at the end of the Valuation Period that contains the tenth day prior to each payment. If the monthly payment under the Annuity Option selected is based on a single Division, the monthly payment is found by multiplying the Division Annuity Unit Value on such date by the number of Division Annuity Units. If the monthly payment under the Annuity Option selected is based upon more than one Division, the above procedure is repeated for each applicable Division. The sum of these payments is the Variable Annuity Payment. American Franklin guarantees that the amount of each payment will not be affected by variations in expense or mortality experience.

Related to Variable Annuity Payments

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • 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.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • 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.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Fixed Amounts has the meaning assigned to such term in Section 1.07(b).

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.