Common use of MINIMUM ANNUITY PAYMENT Clause in Contracts

MINIMUM ANNUITY PAYMENT. An Annuity Option may not be elected under a Fixed or Variable Annuity unless an annuity payment of at least $25 would be provided under that Option. If a combination of Fixed and Variable Annuities is elected, each Fixed Annuity payment and each portion of a Variable Annuity payment based on Division must equal at least $25.

MINIMUM ANNUITY PAYMENT. An Annuity Option No election of any option may not be elected under a Fixed or Variable Annuity made unless an annuity payment Annuity Payment of at least $25 would be provided under that Option. If whether a Fixed or Variable Annuity is elected, and $25 on each basis when a combination of Variable and Fixed and Variable Annuities is elected. If, each Fixed because of adverse investment performance, an Annuity Payment of less than $25 would be provided, VALIC, at its election, may make a lump sum payment and each portion of a Variable Annuity payment based on Division must equal at least $25the then-current value of the Contract to the Annuitant.