Annuity Purchase Rates Sample Clauses

Annuity Purchase Rates. 13 CONTRACT DATA PAGE ANNUITANT: John Xxxxx XXNTRACT NUMBER: 000 CONTRACT OWNER: John Xxxxx XXFECTIVE DATE: April 1, 1984 INCOME DATE: January 1, 2012 CONTRACT MAINTENANCE CHARGE: Guaranteed never to exceed $30 each year unless changed.* *Prior to the Income Date, the Contract Maintenance Charge is not guaranteed and may be changed for future years. After the Income Date, the amount of the Contract Maintenance Charge will not be changed from the amount of the annual maintenance charge in effect during the Contract year immediately preceding the Income Date. After the Income Date, the Contract Maintenance Charge will be collected on a monthly basis.
Sample 1Sample 2
AutoNDA by SimpleDocs
Annuity Purchase Rates. Adjusted Age Calendar Year when Income Adjusted Age Payments Commence 1984-1989 Actual Age minus 1 1990-1999 minus 2 2000-2009 minus 3 2010-2019 minus 4 2020-2024 minus 5 2025-2029 minus 6 2030-2934 minus 7 2035-2039 minus 8
Sample 1Sample 2
Annuity Purchase Rates. 13 [SENTRY LOGO] ANNUITANT: MARK XXXXXX XXNTRACT NUMBER: 379723871 CONTRACT OWNER: MARK XXXXXX XXFECTIVE DATE: 12/27/1996 INCOME DATE: 10/01/2017 CONTRACT MAINTENANCE CHARGE: $30 EACH YEAR UNLESS CHANGED.* GUARANTEED NEVER TO EXCEED $45 PER YEAR. *PRIOR TO THE INCOME DATE, THE CONTRACT MAINTENANCE CHARGE IS NOT GUARANTEED AND MAY BE CHANGED FOR FUTURE YEARS. AFTER THE INCOME DATE, THE AMOUNT OF THE CONTRACT MAINTENANCE CHARGE WILL NOT BE CHANGED FROM THE AMOUNT OF THE ANNUAL MAINTENANCE CHARGE IN EFFECT DURING THE CONTRACT YEAR IMMEDIATELY PRECEDING THE INCOME DATE. AFTER THE INCOME DATE, THE CONTRACT MAINTENANCE CHARGE WILL BE COLLECTED ON A MONTHLY BASIS. MORTALITY AND EXPENSE RISK PREMIUM: EQUAL ON AN ANNUAL BASIS TO 1.2% OF THE DAILY NET ASSET VALUE OF THE VARIABLE ACCOUNT. TRANSFER FEE: $0 PER TRANSACTION. THIS TRANSFER FEE IS NOT GUARANTEED AND MAY BE CHANGED AT ANY TIME. HOWEVER, IT WILL NEVER EXCEED $20. ELIGIBLE MUTUAL FUNDS: NEUBXXXXX XXX BERMXX XXXISERS MANAGEMENT TRUST - GROWTH PORTFOLIO - LIMITED MATURITY BOND PORTFOLIO - LIQUID ASSET PORTFOLIO - BALANCED PORTFOLIO VARIABLE ACCOUNT: SENTRY VARIABLE ACCOUNT I ANNUITY SERVICE OFFICE: P.O. BOX 4792, SYRACUSE, NEW YORK 13221 FOR DETERMINATION OF VARIABLE BENEFITS PLEASE SEE THE VARIABLE ACCOUNT PROVISIONS, PAGE 5, AND THE VARIABLE ANNUITY PROVISION, PAGE 8. FOR USE WITH SENTRY VARIABLE ACCOUNT I A SEPARATE INVESTMENT ACCOUNT OF SENTRY LIFE INSURANCE COMPANY OF NEW YORK
Sample 1
Annuity Purchase Rates. In Xxxxxx Trust, the Court required a mechanism to convert the accumulation funds into guaranteed benefits at retirement at rates set by the contract. According to the Court, without a "guarantee regarding conversion price, plan participants are undeniably at risk…”
Sample 1
Annuity Purchase Rates. The first payment under an Annuity Option for each $1,000 of Annuity Value applied will be the greater of:
Sample 1
Annuity Purchase Rates. 00 ALPHABETICAL CODE
Sample 1
Annuity Purchase Rates. 13 Section.................................................................... 3.04
Sample 1
AutoNDA by SimpleDocs

Related to Annuity Purchase Rates

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • Application Among Interest Rate Options All prepayments --------------------------------------- required pursuant to this Section 5.05 shall first be applied among the Interest Rate Options to the principal amount of the Loans subject to a Base Rate Option, then to Loans subject to Euro-Rate Option. In accordance with Section 5.06(b), the Borrower shall indemnify the Banks for any loss or expense including loss of margin incurred with respect to any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the last day of the applicable Interest Period.

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Fixed Annuity Payments The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

  • Applicable Interest Rates (a) U.S.

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Method of Electing Interest Rates (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to Section 2.08(d) and the provisions of Article 8), as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.