FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series chosen. If the Participant dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 4 contracts
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series Subaccounts chosen. If all the Participant dies Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 4 contracts
Samples: Master Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny), Variflex Signature, Variflex Signature
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series Subaccounts chosen. If all the Participant dies Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 4 contracts
Samples: Variflex Signature, Variflex Signature, Variflex Signature
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series Subaccounts chosen. If all the Participant Annuitants dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 2 contracts
Samples: Parkstone Variable Annuity Account, Parkstone Variable Annuity Account
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series chosen. If all the Participant dies Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 2 contracts
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustmentsadjustment, is paid. If the Contract Value is held in the General Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the General Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series Subaccounts chosen. If all the Participant dies Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 1 contract
Samples: Parkstone Variable Annuity Account
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the General Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited credit on the General Fixed Account. This rate is guaranteed to be no not less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Series Subaccounts chosen. If all the Participant dies Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 1 contract
Samples: Parkstone Variable Annuity Account
