VARIABLE ANNUITY OPTIONS Sample Clauses

VARIABLE ANNUITY OPTIONS. Option 1 - Variable Annuity for Specified Number of Years. Payments will be made for a specified number of years, which may not be less than 5 nor more than 25.

VARIABLE ANNUITY OPTIONS. The Participant or the Participant's surviving beneficiary may choose a variable annuity option up to 30 days prior to the Annuity Date. An option not set forth in the contract may be chosen if acceptable to us. FIRST VARIABLE ANNUITY PAYMENT. Any premium taxes will be deducted from the Participant's Variable Account Value. The net Participant's Variable Account Value as of the Annuity Date will be applied to the annuity table for the option chosen. The variable annuity tables show the amount of the first payment for each $1,000 so applied, according to the age at the Annuity Date. The tables are based on the 1971 Individual Annuity Mortality Table with interest at 4%. Adjusted ages are used in entering those tables. SUBSEQUENT VARIABLE ANNUITY PAYMENTS. Payments after the first will vary in amount according to the investment performance of the subaccount or subaccounts chosen. The amount may change from month to month. The amount of each subsequent payment is the sum of the following amounts attributable to each applicable subaccount The number of Annuity Units for the subaccount multiplied by The value of an Annuity Unit for that subaccount for the valuation period in which payment is due. We guarantee that the amount of each annuity payment after the first will not be affected by variations in expense or mortality experience.

VARIABLE ANNUITY OPTIONS. The Owner may choose a variable annuity option up to 30 days prior to the Annuity Date. An option not set forth in the contract may be chosen if acceptable to us. FIRST VARIABLE ANNUITY PAYMENT. Any premium taxes will be deducted from the Participant's Variable Account Value. The net Participant's Variable Account Value as of the Annuity Date will be applied to the annuity table for the option chosen. The variable annuity tables show the amount of the first payment for each $1,000 so applied, according to the age at the Annuity Date. The tables are based on the 1971 Individual Annuity Mortality Table with interest at 4%. Adjusted ages are used in entering those tables. SUBSEQUENT VARIABLE ANNUITY PAYMENTS. Payments after the first will vary in amount according to the investment performance of the investment account(s) chosen. The amount may change from month to month. The amount of each subsequent payment is the sum of the following amounts attributable to each applicable investment account The number of Annuity Units for the investment account multiplied by The value of an Annuity Unit for the investment account for the valuation period in which payment is due. We guarantee that the amount of each annuity payment after the first will not be affected by variations in expense or mortality experience.