Common use of Fixed Period Clause in Contracts

Fixed Period. We will pay equal monthly installments, first payment immediately, for not more than 25 years. The minimum amount of each installment may be determined from the OPTION 3 TABLE on page 17. This Table is based on a guaranteed interest rate of 3-1/2%, compounded annually.

Appears in 4 contracts

Samples: Description (Llac Variable Account), Description (Llac Variable Account), Llac Variable Account

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Fixed Period. We will pay equal monthly installments, first payment immediately, for not more than 25 years. The minimum amount of each installment may be determined from the OPTION 3 TABLE on page 17. This Table is based on a guaranteed interest rate of 3-3 1/2%, compounded annually.

Appears in 2 contracts

Samples: Llac Variable Account, Llac Variable Account

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