Common use of Fixed Annuity Payments Clause in Contracts

Fixed Annuity Payments. The Company will determine Fixed Annuity Payments by applying annuity rates consistent with the age and sex (unless unisex rates apply) of the Annuitant and, if applicable, the designated second person, to the portion of the Contract Value allocated to the Fixed Annuity Payment options. Annuity rates applied will not be less than the rates provided in the Contract's Table of Income Options. Once begun, the Company will not change the amount of the Fixed Annuity Payments, except upon the first death between the Annuitant and the designated second person under Option 2.

Appears in 5 contracts

Samples: Jnlny Separate Account I, Jnlny Separate Account I, Jnlny Separate Account I

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