GUARANTEED ANNUITY definition

GUARANTEED ANNUITY. The payment amount is determined by dividing the Annuitant's Annuity Conversion Amount in the Guaranteed Interest Division as of the initial Annuity Payment Calculation Date by the applicable Annuity Conversion Factor as defined in Section 9.4.
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GUARANTEED ANNUITY means an annuity contemplated in section [29(4)(a)(iii)] 29A(4)(a)(iii) of the Income Tax Act, where such annuity is contractually subject to a guaranteed increase at a fixed rate, which rate may be zero, over the full term of the annuity, excluding any annuity which may participate in any bonus distributions by the 20
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GUARANTEED ANNUITY means an annuity contemplated in section [29(4 of the Income Tax where annuity is contractually subject to a guaranteed increase at a fixed rate, which rate may be zero, over the full term of the annuity, excluding any
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Examples of GUARANTEED ANNUITY in a sentence

  • TABLE OF GUARANTEED ANNUITY PAYMENTS AMOUNT OF ANNUITY BENEFIT PAYABLE MONTHLY ON THE LIFE ANNUITY FORM WITH TEN YEARS CERTAIN PROVIDED BY APPLICATION OF $1,000.

  • No. 1050-94IC Page 21 TABLE OF GUARANTEED ANNUITY PAYMENTS ------------------------------------ [APPLICABLE TO ▇▇▇ CERTIFICATES] ------------------------------ [AMOUNT OF ANNUITY BENEFIT PAYABLE MONTHLY ON THE JOINT AND SURVIVOR LIFE ANNUITY FORM (WITH 100% OF THE AMOUNT OF THE ANNUITANT'S PAYMENT CONTINUED TO THE ANNUITANT'S SPOUSE) PROVIDED BY AN APPLICATION OF $1,000.

  • THE AMOUNT AVAILABLE TO THE OWNER IS THE PRESENT VALUE OF THE REMAINING GUARANTEED ANNUITY PAYMENTS, DISCOUNTED AT THE ASSUMED INVESTMENT RETURN SHOWN ON THE CONTRACT SCHEDULE PLUS 1.00% USING THE ANNUITY UNIT VALUES AS OF THE DATE THE COMPANY RECEIVES THE SURRENDER REQUEST.

  • FLEXIBLE PREMIUM DEFERRED MODIFIED GUARANTEED ANNUITY CONTRACT NON-PARTICIPATING AMERICAN FOUNDATION LIFE INSURANCE COMPANY ▇▇▇▇ ▇▇▇.

  • GUARANTEED ANNUITY PURCHASE RATES TABLES The following table contains the Guaranteed Annuity Purchase Rates for both "life only" and "life with 10-year certain" annuitization payout options for attained ages 40 through 99.

  • No. 15,000 AC 5904 Page 22 TABLE OF GUARANTEED ANNUITY PAYMENTS (Based on Age Nearest Birthday on Due Date of First Payment) Annuity Benefit Payable On The Full Cash Refund Annuity Form (Minimum Monthly Income Per $1,000 of Amount Applied) Age ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ------ ---------------- 60 4.18 61 4.26 62 4.34 63 4.43 64 4.52 65 4.62 66 4.73 67 4.83 68 4.95 69 5.07 70 5.20 Amounts applicable for ages or for annuity forms not shown will be calculated by Equitable on the same actuarial basis.

  • APPENDIX A TABLES OF GUARANTEED ANNUITY PAYMENTS Part 1: Amount of Fixed Annuity Benefit payable monthly on the Life Annuity form provided by an application of $1,000.