ANNUITY OPTION. An Annuity Option is a set of provisions that form the basis for making Annuity Payments. The Annuity Option is set prior to the Annuity Payout Date. Please see "Annuity Options" on pages 18 and 19. ANNUITY PAYOUT DATE The Annuity Payout Date is the date on which Annuity Payments are scheduled to begin. This date may be changed by the Owner. The Annuity Payout date is shown on page 3. Please see "Annuity Payout Date" on page 15. ANNUITY UNIT The Annuity Unit is a unit of measure used to compute Variable Annuity Payments for Annuity Options 1 through 4. AUTOMATIC EXCHANGES Automatic Exchanges are Exchanges among the Subaccounts and the Fixed Account. Such exchanges are made automatically on a periodic basis by the Company at the written request of the Owner.
Appears in 5 contracts
Samples: Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny, Master Agreement (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny)
ANNUITY OPTION. An Annuity Option is a set of provisions that form the basis for making Annuity Payments. The Annuity Option is set prior to the Annuity Payout Date. Please see "Annuity Options" on pages 18 and 19. ANNUITY PAYOUT DATE The Annuity Payout Date is the date on which Annuity Payments are scheduled to begin. This date may be changed by the Owner. The Annuity Payout date Date is shown on page Page 3. Please see "Annuity Payout Date" on page 15. ANNUITY UNIT The Annuity Unit is a unit of measure used to compute Variable Annuity Payments for Annuity Options 1 through 4. AUTOMATIC EXCHANGES Automatic Exchanges are Exchanges among the Subaccounts and the Fixed Account. Such exchanges are made automatically on a periodic basis by the Company at the written request of the Owner. The Company reserves the right to discontinue, modify or suspend Automatic Exchanges.
Appears in 2 contracts
Samples: Price T Rowe Variable Annuity Account, Price T Rowe Variable Annuity Account
