Fixed Amount. We will pay equal monthly installments, first payment immediately, until the Proceeds and the interest have been exhausted. Interest will be credited on unpaid balances at the rate which We will declare each year. It will never be less than 3-1/2%, compounded annually.
Appears in 4 contracts
Sources: Insurance Certificate (Llac Variable Account), Insurance Certificate (Llac Variable Account), Insurance Certificate (Llac Variable Account)
Fixed Amount. We will pay equal monthly installments, first payment immediately, until the Proceeds and the interest have been exhausted. Interest will be credited on unpaid balances at the rate which We will declare each year. It will never be less than 3-3 1/2%, compounded annually.
Appears in 2 contracts
Sources: Insurance Contract (Llac Variable Account), Insurance Contract (Llac Variable Account)