SETTLEMENT PROVISIONS. GENERAL On the Annuity Payout Date, the contract value shall be applied under one or more of the annuity options shown below or under such other option to which we may agree. Unless otherwise specified, the first annuity payment will be apportioned to the General Account and each Subaccount in the same proportions that each bears to the total contract value as of the day we credit your annuity units.
Appears in 1 contract
Sources: Life and Annuity Contract (National Security Life & Annuity Co Variable Account A)
SETTLEMENT PROVISIONS. GENERAL On the Annuity Payout Dateannuity payout date, the contract value shall be applied under one or more of the annuity options shown below or under such other option to which we may agree. Unless otherwise specified, the first annuity payment will be apportioned to the General Account and each Subaccount subaccount in the same proportions that each bears to the total contract value as of the day we credit your annuity units.
Appears in 1 contract
Sources: Combination Annuity Contract (Ohio National Variable Account A)