Fixed and Variable Clause Samples

Fixed and Variable. Annuities — You may choose a fixed annuity (with fixed-dollar payments), a variable annuity (with variable-dollar payments), or you may choose a combination of both. If you select a variable annuity, you may choose any Subaccounts for the annuity. If you select a variable annuity, on the Annuity Date, we will convert that portion of the Net Contract Value as it is currently allocated among the Subaccount(s). We will apply the net amount you convert to a fixed annuity and/or a variable annuity (and in this instance, to each Subaccount), based on the relative Account Value in each Investment Option on the Annuity Date. Any net amount you convert to a fixed annuity will be held in our General Account. Each periodic payment under the fixed annuity will be equal to the amount of the first fixed annuity payment (unless you elect a joint and survivor life annuity with reduced survivor payments). The amount of each variable annuity periodic payment will vary with the investment results of the Subaccount(s) you select. After the Annuity Date, you may exchange the Annuity Units in any Subaccount(s) for Annuity Units in any other Subaccount(s) up to four (4) times in any twelve (12) month period. We reserve the right to limit the Subaccounts available, to change the number and frequency of exchanges and to change the number of Subaccounts you may choose. Amount of Payments — The first annuity payment amount depends on the Annuity Option, payment frequency, and whether you select a fixed annuity and/or a variable annuity. If you do not choose the Period Certain Only Option, the amount will depend on the Age of the Annuitant(s), the Annuity Date, and the sex of the Annuitant(s), unless unisex factors apply.
View SourceView Similar (27)
Fixed and Variable. The Fixed Account
View SourceView Similar (2)
Fixed and Variable. Annuities — You may choose a fixed annuity (with fixed-dollar payments), a variable annuity (with variable-dollar payments), or you may choose a combination of both. If you select a variable annuity, you may choose any Subaccounts for the annuity. If you select a variable annuity, on the Annuity Date, we will convert that portion of the Net Contract Value as it is currently allocated among the Subaccount(s). We will apply the net amount you convert to a fixed annuity and/or a variable annuity (and in this instance, to each Subaccount), based on the relative Account Value in each Investment Option on the Annuity Date. Any net amount you convert to a fixed annuity will be held in our General Account. Each periodic payment under the fixed annuity will be equal to the amount of the first fixed annuity payment (unless you elect a joint and survivor life annuity with reduced survivor payments). The amount of each variable annuity periodic payment will vary with the investment results of the Subaccount(s) you select. After the Annuity Date, you may exchange the Annuity Units in any Subaccount(s) for Annuity Units in any other Subaccount(s) up to four (4) times in any twelve (12) month period. We reserve the right to limit the Subaccounts available, to change the number and frequency of exchanges and to change the number of Subaccounts you may choose.
View SourceView Similar (2)
Fixed and Variable. Accounts Describes the fixed account; Describes Guarantee Period Accounts; Describes the variable subaccounts, accumulation units and values; Net investment factor; Mortality and expense risk charge; Variable account administrative charge; Annuity unit value..................................Page
View SourceView Similar (2)
Fixed and Variable. Your contract will be for either a fixed tariff or a variable tariff.
View Source
Fixed and Variable. THE FIXED ACCOUNT The Fixed Account is Our general account. It is made up of all Our assets other than those in:
View Source
Fixed and Variable. Costs" shall include: direct salaries and Social Costs; indirect salaries and Social Costs (including operations, quality assurance, quality control, maintenance, engineering, materials management and support services) and operating expenses (including variable supplies; maintenance materials; operating supplies; utilities; EHS; insurance; statutory levies; consumables and support services and the like) directly related to the manufacture of the Developed Products and Development API.
View Source

Related to Fixed and Variable

  • Elections and Variables Security Interest for “Obligations”. The term “Obligations” as used in this Annex includes the following additional obligations: With respect to Party A: None. With respect to Party B: None.

  • Fixed Annuity An Annuity with payments which do not vary in amount.

  • FIXED AMOUNTS The fixed amounts contained in Section I of this agreement are based on an estimate of the costs that will be incurred during the period to which the amounts apply. When the actual costs for this period are determined, any differences between the fixed costs used as an estimate and the actual costs will be considered in a subsequent agreement.

  • FIXED ACCOUNT 8 TRANSFERS AMONG ACCOUNTS...................................................10 SURRENDERING, OR WITHDRAWING PART OF THE ACCOUNT VALUE.....................10 CHARGES...................................................................10

  • Explanation of Variable Rates If the Prime Rate increases, variable APRs (and corresponding DPRs) will increase. In that case, you may pay more interest and may have a higher Minimum Payment Due. When the Prime Rate changes, the resulting changes to variable APRs take effect as of the first day of the billing period. The Daily Periodic Rate (DPR) is 1/365th of the APR, rounded to the nearest one ten-thousandth of a percentage point. The variable penalty APR will not exceed 29.99%. How Rates and Fees Work