DEFERRED VARIABLE ANNUITY CONTRACT Clause Samples
A Deferred Variable Annuity Contract is a financial agreement that allows an individual to invest funds over time, with the payout of annuity benefits postponed until a future date, typically retirement. The value of the contract varies based on the performance of selected investment options, such as mutual funds or market indices, and the contract holder can usually make periodic contributions during the accumulation phase. This clause is designed to provide long-term retirement income while offering the potential for investment growth, addressing the need for both future financial security and flexibility in investment choices.
DEFERRED VARIABLE ANNUITY CONTRACT. NO DIVIDENDS ------------------------------------------------------------------------------ Variable Cash Surrender Values while the Annuitant and Owner are living and prior to the Annuity Commencement Date. Death benefit subject to guaranteed minimum. Additional Premium Payment Option. Partial Withdrawal Option. Non- participating. Investment results reflected in values.
DEFERRED VARIABLE ANNUITY CONTRACT. NO DIVIDENDS -------------------------------------------------------------------------- Variable Cash Surrender Values while the Annuitant and Owner are living and prior to the Annuity Commencement Date. Death benefit subject to guaranteed minimum. Additional Premium Payment Option. Partial Withdrawal Option. Non-participating. Investment results reflected in values. GA-IA-1059 THE SCHEDULE CONTRACT FACTS -------------------------------------------------------------------------- |--------------------------------------------------------------------------| | Annuitant Owner | | [▇▇▇▇▇▇ ▇. ▇▇▇] [▇▇▇▇ ▇. ▇▇▇] | |--------------------------------------------------------------------------| | Initial Premium Annuity Option Annuity Commencement Date| | [$10,000] [LIFE 10-YEAR CERTAIN] [JANUARY 1, 2026] | |--------------------------------------------------------------------------| | Separate Account(s) Contract Number | | [SEPARATE ACCOUNT B] [123456] | |--------------------------------------------------------------------------|