Variable Annuity definition

Variable Annuity. An Annuity with payments that vary with the net investment results of one or more Funds under the Separate Account.
Variable Annuity means any annuity provided by the accumulations in the variable annuity division established under
Variable Annuity. The initial payment amount of the Annuitant's Variable Annuity for each Sub-Account is determined by dividing his Annuity Conversion Amount in each Sub-Account as of the initial Annuity Payment Calculation Date by the applicable Annuity Conversion Factor as defined in Section 9.4. The amount of the Annuitant's subsequent Variable Annuity payment for each Sub-Account is determined by:

Examples of Variable Annuity in a sentence

  • The Individual Variable Annuity Contracts have been duly authorized by Transamerica Life Insurance Company and, when sold in jurisdictions authorizing such sales, in accordance with and when issued as contemplated by said Form N-4 Registration Statement, will constitute legal, validly issued and binding obligations of Transamerica Life Insurance Company.

  • The Individual Variable Annuity Contracts have been duly authorized by Transamerica Financial Life Insurance Company and, when sold in jurisdictions authorizing such sales, in accordance with and when issued as contemplated by said Form N-4 Registration Statement, will constitute legal, validly issued and binding obligations of Transamerica Financial Life Insurance Company.

  • Massachusetts Mutual Variable Annuity Separate Account 4 is a separate account validly established and maintained by MassMutual in accordance with Massachusetts law.

  • For Variable Annuity Payments, the Variable Annuity Tables are based on the Annuity 2000 Mortality Table with 7-year age setback and an Assumed Investment Return (AIR) of 3.00%.

  • They are used to support Variable Annuity Contracts and may be used for other purposes permitted by applicable laws and regulations.


More Definitions of Variable Annuity

Variable Annuity means a variable Retirement Annuity certificate issued by College Retirement Equities Fund (“CREF”) under which the entire accumulation is invested in the CREF Stock Account.
Variable Annuity. An annuity with payments which vary as to dollar amount in relation to the investment performance of specified Sub-Accounts of the Separate Account.
Variable Annuity means an annuity with annuity payments varying in amount in accordance with the net investment experience of the Separate Account;
Variable Annuity means an Annuity with payments which vary in dollar amount throughout the payment period in accordance with the investment experience of the Equity Investment Fund.
Variable Annuity. An Annuity with payments that vary with the net investment results of the Funds available during the Annuity period.
Variable Annuity. The Owner may elect to have the Adjusted Contract Value applied to provide a Variable Annuity. Variable Annuity Payments reflect the investment performance of the Variable Account in accordance with the allocation of the Adjusted Contract Value to the Sub-Accounts during the Annuity Period. Variable Annuity Payments are not guaranteed as to dollar amount. The dollar amount of the first Variable Annuity Payment is determined in accordance with the description above. The dollar amount of the Variable Annuity Payments for each applicable Sub-Account after the first Variable Annuity Payment is determined as follows:
Variable Annuity. You may elect to have the Variable Annuity Value paid as a Variable Annuity. Variable Annuity Payments reflect the investment performance of the Variable Account in accordance with the allocation of the Variable Annuity Value to the Subaccounts during the Annuity Period. Variable Annuity Payments are not guaranteed as to dollar amount. On the Annuity Date, a fixed number of Annuity Units will be purchased as follows: The first Variable Annuity Payment is equal to A divided first by B then multiplied by C where: