ANNUITY TABLES Sample Clauses

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 8 depend on the age of the Annuitant or the Joint Annuitants on the Annuity Start Date. The Annuity Tables are modified to reflect (1) the Assumed Interest Rate for Variable Annuity Payments; or (2) the rate of interest in effect on the Annuity Start Date for Fixed Annuity Payments. The rate of interest for Fixed Annuity Payments is guaranteed not to be less than the Guaranteed Rate set forth on page 3. The Annuity Tables contain the amount of monthly Annuity Payment per $1,000 of Annuity Start Amount. The Annuity Tables state values for the exact ages shown. The values will be interpolated based on the exact age(s) of the Annuitant or Joint Annuitants on the Annuity Start Date. The basis of the Annuity Tables for Options 1 through 4 and 8 and the Assumed Interest Rate are set forth on page 3. The Annuity Table for Option 7 is determined without reference to the age of the Annuitant and is based upon the Assumed Interest Rate. Annuity Payments for Options 5 and 6 are computed without reference to the Annuity Tables. The Annuity Tables are used in accordance with generally accepted actuarial principles. ANNUITY PAYMENTS No Annuity Option can be selected that requires SBL to make Annuity Payments of less than $100.00. Each Annuity Option allows for making Annuity Payments annually, semiannually, quarterly or monthly. Annuity Payments due on a date other than a Valuation Date, are paid as of the end of the next following Valuation Date. ANNUITY UNITS On the Annuity Start Date, the amount of the first Variable Annuity Payment is divided by the Annuity Unit Value as of that date to determine the number of Annuity Units to be used in calculating subsequent Annuity Payments. If the Annuity Start Amount was allocated to more than one Subaccount, the first Variable Annuity Payment will be allocated to each Subaccount in the percentage corresponding to the allocation of Annuity Start Amount. The number of Annuity Units for each Subaccount is then found by dividing the amount of the first Variable Annuity Payment allocated to that Subaccount by the Annuity Unit Value for the Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer of Annuity Units is made. After the first Variable Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the sum of the payment amount determined for each Subaccount...

ANNUITY TABLES. The rates in Tables 1 and 2 below are applied to the Account Value on the Annuity Date to compute the minimum amount of the annuity payment for the payout options described on the preceding page. Table 1 is used to compute the minimum annuity payment under Option 1 (Payments for a Period Certain). Table 2 is used to compute the minimum initial annuity payment under Option 2 (Payments for Life with a Period Certain), assuming a 10 year Period Certain. The rates used in each table are applied per $1,000 of Account Value, as of the Annuity Date. We used an interest rate of 1.0% per year in preparing Table 1, and an interest rate of 2.0% per year in preparing Table 2. Table 2 assumes 120 monthly payments certain. The annuity payments in Table 2 are based on the Annuitant's "adjusted age" and sex. The adjusted age is the Annuitant's age as of the Annuitant's last birthday prior to the date on which the first payment is due, adjusted as shown in the "Translation of Adjusted Age" table below. When we computed the amounts shown in Table 2, we used the Annuity 2000 valuation mortality table, with four-year age setbacks and projected mortality improvement factors (modified Scale G) projected from the age at annuitization to the age at which the probability of survival is needed in the calculation of the annuity payment. TRANSLATION OF ADJUSTED AGE CALENDAR YEAR IN WHICH CALENDAR YEAR IN WHICH FIRST PAYMENT IS DUE ADJUSTED AGE FIRST PAYMENT IS DUE ADJUSTED AGE ---------------------- ------------------- ---------------------- ------------------- 2010 through 2019 Actual Age minus 1 2060 through 2069 Actual Age minus 6 2020 through 2029 Actual Age minus 2 2070 through 2079 Actual Age minus 7 2030 through 2039 Actual Age minus 3 2080 through 2089 Actual Age minus 8 2040 through 2049 Actual Age minus 4 2090 through 2099 Actual Age minus 9 2050 through 2059 Actual Age minus 5 AMOUNT OF MONTHLY PAYMENT FOR EACH $1,000 APPLIED TABLE 1 -PAYMENTS FOR A PERIOD CERTAIN NUMBER MONTHLY NUMBER OF MONTHLY NUMBER OF MONTHLY NUMBER OF MONTHLY OF YEARS PAYMENT YEARS PAYMENT YEARS PAYMENT YEARS PAYMENT -------- ------- --------- ------- --------- ------- --------- ------- 1 83.71 8 10.83 14 6.37 20 4.59 2 42.07 9 9.68 15 5.98 21 4.40 3 28.18 10 8.75 16 5.63 22 4.22 4 21.24 11 7.99 17 5.33 23 4.05 5 17.08 12 7.36 18 5.05 24 3.90 6 14.30 13 6.83 19 4.81 25 3.76 7 12.32 TABLE 2 - PAYMENTS FOR LIFE WITH A 10 YEAR PERIOD CERTAIN ADJUSTED ADJUSTED ADJUSTED AGE MALE FEMALE AGE MALE FEMALE AGE...

ANNUITY TABLES. The amounts set forth in the Annuity Tables for Annuity Options 1 through 4 and 6 depend on the sex and age of the Annuitant or the Joint Annuitants on the Annuity Start Date. The Annuity Tables are modified to reflect:

ANNUITY TABLES. The rates in Tables 1 and 2 below are applied to the Account Value to compute the minimum amount of the annuity payment for fixed payout options. Table 1 is used to compute the minimum annuity payment under Option 1 (Payment for a Certain Period Option). Table 2 is used to compute the minimum initial annuity payment under Option 2 (Life Income Annuity Option with 120 Months Certain Period). The rates used in each table are applied per $1,000 of, Account Value, as of the Annuity Date. If there is any remaining contingent deferred sales charge applicable as of the Annuity Date, we may restrict the availability of certain Annuity Payout Options we offer. We used an interest rate of 1.5% per year in preparing Table 1 and an interest rate of 3% per year in preparing Table 2. Table 2 assumes 120 payments certain. The annuity payments in Table 2 are based on the Annuitant's "adjusted age" and sex. The adjusted age is the Annuitant's age as of the Annuitant's last birthday prior to the date on which the first payment is due, adjusted as shown in the "Translation of Adjusted Age" table below. When we computed the amounts shown in Table 2, we used the Annuity 2000 valuation mortality table, with two-year age setbacks and projected mortality improvement factors (modified Scale G) projected from the age at annuitization to the age at which the probability of survival is needed in the calculation of the annuity payment. ------------------------------------------------------------------------------------------------------------------- Translation of Adjusted Age ------------------------------------------------------------------------------------------------------------------- Calendar Year in Which First Calendar Year in Which Payment Is Due Adjusted Age First Payment Is Due Adjusted Age ------------------------------ ---------------------------- ----------------------------- ------------------------- Prior to 2010 Actual Age 2050 through 2059 Actual Age minus 5 ------------------------------ ---------------------------- ----------------------------- ------------------------- 2010 through 2019 Actual Age minus 1 2060 through 2069 Actual Age minus 6 ------------------------------ ---------------------------- ----------------------------- ------------------------- 2020 through 2029 Actual Age minus 2 2070 through 2079 Actual Age minus 7 ------------------------------ ---------------------------- ----------------------------- ------------------------- 2030 through 2039 Act...

ANNUITY TABLES. The Annuity Tables show the guaranteed minimum amount of monthly Annuity Payment for each $1,000 of Accumulated Value for each Fixed Annuity Option. We may, at the time of election of a Fixed Annuity Payment Option, offer more favorable rates in lieu of the guaranteed rates shown in the Annuity Tables. The amount of each Annuity Payment will depend on the Annuitant’s sex and age on the birthday nearest to the date the first Annuity Payment is due. We base the tables for the first four Options on the 1983 Table “A” Mortality Table projected for mortality improvement to the year 2000 using Projection Scale G and an interest rate of 4% a year. The table for Option 5 is based on an interest rate of 4% a year. On request we will furnish the amount of monthly Annuity Payment per $1,000 applied for any ages not shown. We will treat any Payee who is over age 85 at the date Annuity Payments begin as being age 85 on that date.

ANNUITY TABLES. TABLE A SETTLEMENT OPTIONS ONE, TWO, AND THREE MINIMUM INITIAL MONTHLY INSTALLMENTS PER $1,000 OF AMOUNT APPLIED

ANNUITY TABLES. DESCRIPTION OF TABLES The attached tables show the minimum dollar amount of the first monthly payment for each $1,000 applied to fixed dollar Annuity payments, and the actual first monthly payment for each $1,000 applied to variable Annuity payments. Under the First, Second and Third Options, the amount of each payment will depend upon the age and sex of the Annuitant at the time the first payment is due. Under the Fourth and Fifth Options, the amount of the first payment will depend upon the sex of both Annuitants and their ages at the time the first payment is due. Sex will not be used to determine the amount of the Annuity payable if this contract is issued to qualify under certain sections of the Internal Revenue Code. If sex is used to determine the amount of Annuity payable, the Annuity tables at the end of this contract will provide rates of payment for male Annuitants and female Annuitants. The variable payment Annuity tables for the First through Fifth Options are based on the [1983a Individual Annuity Mortality Table projected to the year 2000 using Projection Scale G] and the Assumed Investment Return. The table for the Sixth Option is based on an Assumed Investment Return. The fixed payment Annuity tables for the First through Fifth Options are based on the [1983a Individual Annuity Mortality Table projected to the year 2000 using Projection Scale G] and an interest rate of [2.5%]. The table for the Sixth Option is based on an interest rate of [2.5%]. per annum. ANNUITY TABLES (CONTINUED) The Annuity tables for the First through Fifth Options are age dependent. If the first Annuity payment is made before [2000], the amount of that payment will be based on the Annuitant's then-attained age (i.e., age as of last birthday). For Annuity payments beginning after [2000], the amount of the first payment will be based on an age a specified number of years younger than the Annuitant's then-attained age. The age setback is as follows: DATE OF FIRST PAYMENT AGE SETBACK [Prior to 2005 1 year 2005 - 2014 2 years 2015 - 2019 3 years 2020 - 2029 4 years 2030 - 2039 5 years 2040 or later 6 years] ANNUITY TABLES FOR FIXED PAYMENTS, BASED ON A 2 1/2% ASSUMED INVESTMENT RETURN AMOUNT OF FIRST MONTHLY PAYMENT FOR EACH $1,000 APPLIED Fixed Dollar Annuity payments will not vary and are guaranteed as to fixed dollar amount. Payments for any available Annuity Payment Frequency, Period Certain, age, or combination of ages not shown will be quoted upon request. The Seco...

ANNUITY TABLES. The rates in Tables 1 and 2 below are applied to the Account Value on the Annuity Date to compute the minimum amount of the annuity payment for the payout options described on the preceding page. Table 1 is used to compute the minimum annuity payment under Option 1 (Payments for a Period Certain). Table 2 is used to compute the minimum initial annuity payment under Option 2 (Payments for Life with a Period Certain), assuming a 10 year Period Certain. The rates used in each table are applied per $1,000 of Account Value, as of the Annuity Date. We used an interest rate of 1.0% per year in preparing Table 1, and an interest rate of 2.0% per year in preparing Table 2. Table 2 assumes 120 monthly payments certain. The annuity payments in Table 2 are based on the Annuitant's "adjusted age" and sex. The adjusted age is the Annuitant's age as of the Annuitant's last birthday prior to the date on which the first payment is due, adjusted as shown in the "Translation of Adjusted Age" table below. When we computed the amounts shown in Table 2, we used the Annuity 2000 valuation mortality table, with four-year age setbacks and projected mortality improvement factors (modified Scale G) projected from the age at annuitization to the age at which the probability of survival is needed in the calculation of the annuity payment.

ANNUITY TABLES. The Annuity Payments under Annuity Options 1 through 4 and 8 are based upon the 1983 Table "A" mortality table. The amount of each Annuity Payment for Annuity Options 1 through 4 and 8 will depend on the Annuitant's sex and age on the Annuity Commencement Date. For Fixed Annuity Payments, Tables A through C below show the guaranteed minimum amount for each monthly Annuity Payment per $1,000 of Annuity Start Amount for Annuity Options 1 through 4, 7 and 8. Tables A and B are based upon the 1983 Table "A" mortality table and an interest rate of 3% per year. For Variable Annuity Payments, the first Annuity Payment for Annuity Options 1 through 4 and 8 is determined by reference to the 1983 Table "A" mortality table and an assumed interest rate of 3.5% per year and, for Option 7, by reference to Table C below. Tables A and B assume 1900 as the year of birth of the Annuitant. To use Tables A and B for an Annuitant born after 1900, the actual age is reduced by 0.1 (one-tenth) of a year for each year the year of birth exceeds 1900. For an Annuitant with a birth year prior to 1900, the actual age is increased in a like manner. The actual age (in completed months) reduced or increased becomes the "adjusted age of the Annuitant." The guaranteed payout rate is then found by interpolating the Annuitant's adjusted age between the ages shown in the Tables. On request the Company will furnish the amount of monthly Annuity Payment per $1,000 applied for any age. For Annuity Options 5 through 7, annuity rates based on age and sex are not used to calculate Annuity Payments. Annuity Payments for options 5 and 6 are computed without reference to the Annuity Tables.