Common use of CONTRACT PROCESSING PERIOD Clause in Contracts

CONTRACT PROCESSING PERIOD. The period between successive Contract Processing Dates unless it is the first Contract Processing Period. In that case, it is the period from the Contract Date to the first Contract Processing Date. CONTRACT YEAR - The period between Contract Anniversaries. CHARGE DEDUCTION DIVISION - The Division from which all charges are deducted if so designated or elected by you. CONTINGENT ANNUITANT - The person designated by you who, upon the Annuitant's death prior to the Annuity Commencement Date, becomes the Annuitant. GA-IA-1108 4 <PAGE> IMPORTANT TERMS (continued) -------------------------------------------------------------------------------- EXPERIENCE FACTOR - The factor which reflects the investment experience of the portfolio in which a Variable Separate Account Division invests and also reflects the charges assessed against the Division for a Valuation Period. FIXED ACCOUNT - This is the Separate Account established to support Fixed Allocations. FIXEDALLOCATION - An amount allocated to the Fixed Account that is credited with a Guaranteed Interest Rate for a specified Guarantee Period. ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/Archives/▇▇▇▇▇/data/836687/000083727603000061/gaia1108-indco... 11/18/2016 GUARANTEE PERIOD - The period of years a rate of interest is guaranteed to be credited to a Fixed Allocation or allocations to a Guaranteed Interest Division. GUARANTEED INTEREST DIVISION - An investment option available in the General Account, an account which contains all of our assets other than those held in our Separate Accounts. GUARANTEED INTEREST RATE - The effective annual interest rate which we will credit for a specified Guarantee Period.

Appears in 1 contract

Sources: Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co)

CONTRACT PROCESSING PERIOD. The period between successive Contract Processing Dates unless it is the first Contract Processing Period. In that case, it is the period from the Contract Date to the first Contract Processing Date. CONTRACT YEAR - The period between Contract Anniversaries. CHARGE DEDUCTION DIVISION - The Division from which all charges are deducted if so designated or elected by you. CONTINGENT ANNUITANT - The person designated by you who, upon the Annuitant's death prior to the Annuity Commencement Date, becomes the Annuitant. CREDIT(S) - An amount added by us to the Accumulation Value. Credits, if any, are applied based on the terms and conditions of an optional premium credit rider which may be elected by you and attached to this Contract. GA-IA-1108 4 IA-1112 <PAGE> IMPORTANT TERMS (continued) -------------------------------------------------------------------------------- EXPERIENCE FACTOR - The factor which reflects the investment experience of the portfolio in which a Variable Separate Account Division invests and also reflects as well as the charges assessed against the Division for a Valuation Period. FIXED ACCOUNT - This is the Separate Account established to support Fixed Allocations. FIXEDALLOCATION FIXED ALLOCATION - An amount allocated to the Fixed Account that is credited with a Guaranteed Interest Rate for a specified Guarantee Period. ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/Archives/▇▇▇▇▇/data/836687/000083727603000061/data/836687/000083727603000151/gaia1108gaia1112-indco... 11/18/2016 GUARANTEE PERIOD - The period of years with a specified interest rate of interest is guaranteed to be credited to for a Fixed Allocation or allocations to a Guaranteed Interest Divisionspecific Guarantee Period. GUARANTEED INTEREST DIVISION GENERAL ACCOUNT - An investment option available in the General Account, an account which contains all of our assets other than those held in our Separate Accountsseparate accounts. GUARANTEED INTEREST RATE GUARANTEE PERIOD - The effective annual period of years a specified interest rate which we will credit for is guaranteed to be credited to a specified Guarantee PeriodFixed Allocation or allocations to available Guaranteed Interest Divisions of the General Account.

Appears in 1 contract

Sources: Flexible Premium Deferred Combination Variable and Fixed Annuity Contract (VOYA INSURANCE & ANNUITY Co)