Common use of Mortality Table Clause in Contracts

Mortality Table. The mortality table used for calculating Annuity payments for life is shown on Contract Schedule II under Mortality Table. To calculate the payments for a fixed Annuity, or a variable Annuity guaranteed first payment, we use the Annuitant's and, if applicable, the second Annuitant's, adjusted age. The adjusted age is the person's age as of his or her nearest birthday closest to the day Annuity payments begin, reduced as follows: (a) Reduced by one year for payments before January 31, 1999; (b) Reduced by two years for payments beginning during the period from January 1, 2000 through December 31, 2009; (c) Starting on January 1, 2010, reduced by one additional year for payments beginning in each succeeding decade.