Betterment of Rates. The amounts shown in the tables on page 16-17 are the guaranteed amounts. Current amounts offered to individuals of the same class may be obtained from us. Fixed annuity payments at the time of their commencement will not be less than those which would be provided by the application of the Policy Value to purchase any single consideration immediate annuity contract (as described in Section 4223 (a)(1)(E) of the New York Insurance Law) offered by the Company at the time to the same class of Annuitant. Adjusted Age Payments under Options 2 and 4 and the first payment under Options 3-V and 5-V are determined based on the adjusted age of the Annuitant. The adjusted age is the Annuitant's actual age on the Annuitant's nearest birthday, at the Annuity Commencement Date, adjusted as follows: Annuity Commencement Date Adjusted Age ----------------- ------------------ Before 2010 Actual Age 2010 - 2019 Actual Age minus 1 2020 - 2026 Actual Age minus 2 2027 - 2033 Actual Age minus 3 2034 - 2040 Actual Age minus 4 After 2040 Determined by us Election of Optional Method of Payment Before the Annuity Commencement Date You can elect or change an Income Option. You may elect, in a notice You sign which gives us the facts that we need, annuity payments that may be either variable, fixed, or a combination of both. If You elect a combination. You must also tell us what part of the policy proceeds on the Annuity Commencement Date are to be applied to provide each type of payment. (You must also specify which Subaccounts.) The amount of a combined payment will be the sum of the variable and fixed payments. Payments under a variable Income Option will reflect the investment performance of the selected Subaccount of the Separate Account. Unless You specify otherwise, the Payee shall be the Annuitant, or the beneficiary as defined in the Beneficiary provision in Section 11. Proof of Age We may require proof of the age of any person who has an annuity purchased under Options 2, 3-V, 4 and 5 -V of this section before we make the first payment. Minimum Proceeds If the Policy Value on the Annuity Commencement Date is less than $2,000, we reserve the right to pay the Policy Value out as a lump sum instead of applying it to an income option. Premium Tax The Insurance laws of the State of New York currently do not allow the imposition of premium taxes on the amount applied to a settlement option. Therefore, such deductions will not be made while the Owner is a resident of the State of ...
Betterment of Rates. The amount used to purchase any single premium consideration immediate annuity contract offered by the Company will be equal to cash surrender value of this Contract. Annuity benefits at the time of their consideration will not be less than those that would have been provided to another applicant in the same rating class of annuitants.
Betterment of Rates. If greater benefits would result for a Fixed Annuity, the amount of the Annuitant's monthly payment will be the monthly payment produced by the then current settlement option rates, which will not be less than the rates used for a currently issued immediate annuity of the same form. It shall have a single stipulated payment equal to the Accumulation Value of the Participant Account being applied to effect the annuity. Any commuted values allowed will be determined based on the Option elected and the Assumed Investment Rate used to determine the purchase rate for such annuities.
Betterment of Rates. The amounts shown in the tables on page 18-19 are the guaranteed amounts. Current amounts offered to individuals of the same class may be obtained from us. Fixed annuity payments at the time of their commencement will not be less than those which would be provided by the application of the policy value to purchase any single consideration immediate annuity contract (as described in Section 4223 (a)(1)(E) of the New York Insurance Law) offered by the Company at the time to the same class of annuitant. Adjusted Age Payments under fixed income options 2 and 4 and the first payment under variable income options 3-V and 5-V are determined based on the adjusted age of the annuitant. The adjusted age is the annuitant’s actual age on the annuitant’s nearest birthday, at the annuity commencement date, adjusted as follows:
Betterment of Rates. (a) Section 40.4(b) of Regulation No. 139 requires contracts funding defined contribution plans to provide that any annuity benefit purchased with respect to an amount equal to the plan participant’s account value as determined at the time of its commencement shall not be less than that which would be determined by the application of such amount to purchase a single consideration immediate annuity offered by the company to the same class of contracts.
Betterment of Rates. The amount of annuity benefits commencing on the Annuity Date will not be less than those that would be provided by the application of an amount to purchase any single consideration immediate annuity contract offered by the Company at the time to the same class of annuitants. Such amount applied to an Annuity Option on the Annuity Date is equal to the Contract Withdrawal Value, as defined in the Withdrawal Provisions of this Contract.
Betterment of Rates. The amount used to purchase any single premium consideration immediate annuity contract offered by the Company will be equal to cash surrender value of this Contract. Annuity benefits at the time of their consideration will not be less than those that would have been provided to another applicant in the same rating class of annuitants. Neither expenses the Company actually incurred, other than taxes on the investment return, nor mortality actually experienced shall adversely affect the dollar amount of variable annuity payments after such payments have commenced. SECTION 10: VARIABLE ANNUITY-1 SEPARATE ACCOUNT AND VALUATION
Betterment of Rates. The amount of the Owner’s initial monthly payment will be at least equal to the monthly payment produced by the application of an amount equal to the Contract Value of this Contract to purchase any single consideration immediate annuity contract offered by the Company at the same time to the same class of annuitants.
Betterment of Rates. The Cash Value applied to purchase an Annuity option will provide payments at least equal to those provided if the same amount was applied to purchase a single premium immediate Annuity offered by Us at that time for the same class of contracts. If it would produce a larger payment, We agree that the Fixed Annuity payment will be determined using the Life Annuity Tables in effect on the Annuity Commencement Date. ANNUITY OPTIONS Subject to conditions stated in ELECTION OF SETTLEMENT OPTIONS and MINIMUM AMOUNTS, all or any part of the Cash Value of this contract may be paid to the Annuitant under one or more of the options below.
Betterment of Rates. The amount used to purchase any single premium consideration immediate annuity contract offered by the Company will be equal to cash surrender value of this Contract. Annuity benefits at the time of their consideration will not be less than those that would have been provided to another applicant in the same rating class of annuitants. J777ny Variable Life Annuity Table FEMALE Monthly Payout for Each $1,000 of Annuity Account Value Without With Guaranteed Period Without With Guaranteed Period Age of Guaranteed Age of Guaranteed Annuitant period 5 years 10 years 15 years Annuitant period 5 years 10 years 15 years 45 $3.09 $3.09 $3.09 $3.08 71 $5.14 $5.11 $5.01 $4.83 46 $3.13 $3.13 $3.13 $3.12 72 $5.31 $5.27 $5.15 $4.94 47 $3.17 $3.17 $3.17 $3.16 73 $5.48 $5.44 $5.30 $5.05 48 $3.21 $3.21 $3.21 $3.20 74 $5.68 $5.62 $5.46 $5.16 49 $3.26 $3.26 $3.25 $3.24 75 $5.88 $5.82 $5.62 $5.27 50 $3.30 $3.30 $3.30 $3.29 76 $6.11 $6.03 $5.79 $5.38 51 $3.35 $3.35 $3.34 $3.33 77 $6.35 $6.25 $5.97 $5.49 52 $3.40 $3.40 $3.39 $3.38 78 $6.61 $6.49 $6.15 $5.59 53 $3.46 $3.45 $3.45 $3.43 79 $6.89 $6.74 $6.33 $5.69 54 $3.51 $3.51 $3.50 $3.48 80 $7.19 $7.01 $6.52 $5.78 55 $3.57 $3.57 $3.56 $3.54 81 $7.52 $7.30 $6.71 $5.87 56 $3.63 $3.63 $3.62 $3.60 82 $7.88 $7.61 $6.90 $5.95 57 $3.70 $3.70 $3.68 $3.66 83 $8.27 $7.94 $7.09 $6.03 58 $3.77 $3.76 $3.75 $3.72 84 $8.70 $8.28 $7.27 $6.09 59 $3.84 $3.83 $3.82 $3.78 85 $9.17 $8.64 $7.45 $6.15 60 $3.92 $3.91 $3.89 $3.85 86 $9.67 $9.01 $7.61 $6.21 61 $4.00 $3.99 $3.97 $3.92 87 $10.20 $9.39 $7.77 $6.25 62 $4.08 $4.07 $4.05 $4.00 88 $10.76 $9.76 $7.92 $6.29 63 $4.17 $4.16 $4.13 $4.08 89 $11.36 $10.14 $8.06 $6.33 64 $4.27 $4.26 $4.22 $4.16 90 $11.97 $10.52 $8.18 $6.36 65 $4.37 $4.36 $4.32 $4.24 91 $12.62 $10.89 $8.30 $6.38 66 $4.48 $4.46 $4.42 $4.33 67 $4.60 $4.58 $4.52 $4.43 68 $4.72 $4.70 $4.64 $4.52 69 $4.85 $4.83 $4.76 $4.62 70 $4.99 $4.96 $4.88 $4.72 J777ny 17 Variable Life Annuity Table MALE Monthly Payout for Each $1,000 of Annuity Account Value Without With Guaranteed Period Without With Guaranteed Period Age of Guaranteed Age of Guaranteed Annuitant period 5 years 10 years 15 years Annuitant period 5 years 10 years 15 years 45 $3.17 $3.17 $3.16 $3.16 71 $5.43 $5.38 $5.24 $4.99 46 $3.21 $3.21 $3.20 $3.19 72 $5.61 $5.55 $5.39 $5.09 47 $3.25 $3.25 $3.25 $3.24 73 $5.80 $5.74 $5.54 $5.20 48 $3.30 $3.30 $3.29 $3.28 74 $6.01 $5.93 $5.70 $5.30 49 $3.34 $3.34 $3.34 $3.32 75 $6.24 $6.15 $5.86 $5.41 50 $3.39 $3.39 $3.38 $3.37 76 $6.49 $6.37 $6.03 $5...
