Annuity Units. The number of Annuity Units credited to the Annuitant for each Sub-Account is determined by dividing the amount of the first payout by the Sub-Account’s annuity unit value on the 1st Valuation Date preceding the Annuity Commencement Date. The number of Annuity Units used to calculate each payout for a Sub- Account remains fixed during the Annuity Payout Period.
Annuity Units. 16, 17 Net Investment Factor ............................................... 17
Annuity Units. The number of Annuity Units is found by dividing the first Annuity Payment by the Annuity Unit Value for the selected Subaccount on the Annuity Start Date. The number of Annuity Units for the Subaccount then remains constant, unless a Transfer or Withdrawal of Annuity Units is made. After the first Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the number of Annuity Units times the Annuity Unit Value for the Subaccount on the due date of the Annuity Payment. The Annuity Unit Value for each Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:
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. The payment amount for each Subaccount is equal to the number of Annuity Units allocated to that Subaccount multiplied by the Annuity Unit Value as of the date of the Annuity Payment. An example of an initial Variable Annuity Payment calculation for a male, age 60 is as follows: Annuity Start Amount = $100,000 $100,000 $1,000 = 100 Amount determined by reference in 1999 to Annuity Table for a male, age 60 under Option 1 $4.00 First Variable Annuity Payment 100 x $4.00 = $400 Subaccount Annuity Start Amount Allocation First Variable Annuity Payment Allocation Annuity Unit Value on Annuity Start Date Number of Annuity Units Used to Determine Subsequent Payments Growth 50% $200.00 / $1.51 = 132.4503 Growth-Income 50% $200.00 / $1.02 = 196.0784 An example of a subsequent Variable Annuity Payment calculation using the assumptions above is as follows: Subaccount Annuity Units Annuity Unit Value on Date of Subsequent Payment New Annuity Payment Amount Growth 132.4503 x $1.60 = $211.92 Growth-Income 196.0784 x $1.10 = $215.69 $427.61
Annuity Units. The number of Fund(s) Annuity Units remains fixed. Each future payment is equal to this number times the Fund(s) Annuity Unit Value on the tenth Valuation Period prior to the due date of the payment.
Annuity Units. The number of Annuity Units is found by dividing the first Annuity Payment by the Annuity Unit Value for the selected Subaccount on the Annuity Payout Date. The number of Annuity Units for the Subaccount then remains constant, unless an Exchange of Annuity Units is made. After the first Annuity Payment, the dollar amount of each subsequent Annuity Payment is equal to the number of Annuity Units times the Annuity Unit Value for the Subaccount on the due date of the Annuity Payment. FSB201 H (4-94) 55-02010-13 -16- BP 201OM1 -------------------------------------------------------------------------------- ANNUITY PAYMENT PROVISIONS (Continued) -------------------------------------------------------------------------------- ANNUITY UNITS (Cont'd) The Annuity Unit Value for each Subaccount was first set at $1.00. The Annuity Unit Value for any subsequent Valuation Date is equal to (a) times (b) times (c), where:
Annuity Units. The annuity unit for an investment account is the basic unit used in determining payment amounts for a unit-annuity. There is a separate and distinct unit value for each combination of income change method and investment account. The values of annuity units change from time to time to reflect the investment experience of the investment accounts. The actual mortality and expense experience of the investment accounts will not reduce the amount payable per annuity unit.
Annuity Units. For each Net Premium, the number of Annuity Units in a Subaccount on the Valuation Day the Net Premium is received is determined by multiplying (a) and (b) and dividing the result by (c), where: (a) is the Net Premium allocated to the Subaccount divided by 1,000; (b) is the annual payout rate shown on the Contract Data Pages; and (c) is the Annuity Unit Value of the Subaccount on the Valuation Day the Net Premium is received. Thereafter, the number of Annuity Units remains fixed unless there is a transfer of Annuity Units.
Annuity Units. 19 Beneficiary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Change of Investment Advisor or Investment Policy . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Annuity Units. The number of Annuity Units paid to the Annuitant for each variable sub-account is determined by dividing the amount of the first monthly payment by the sub-account's annuity unit value on the 5th Valuation Date preceding the date the first payment is due. The number of Annuity Units used to calculate each payment for a Variable Sub-Account remains fixed during the Annuity Payment Period.
