FIXED ACCOUNT PROVISIONS. INVESTMENT ACCOUNT We will establish a separate Investment Account for you each time you allocate amounts to a fixed Investment Option. Amounts invested in these Investment Accounts will earn interest at the guaranteed rate in effect on the date the amounts are allocated for the duration of the guarantee period. We will determine the guaranteed rates from time to time for Net Payments, renewal amounts and amounts transferred to a fixed Investment Option. In no event will the rate be less than the Minimum Guaranteed Interest Rate on Fixed Accounts as specified in the Specifications Page. We reserve the right to prohibit or restrict Payments and transfers to the fixed Investment Option(s) if the effective annual rate of interest that would apply to the Payment or transfer is equal to the Minimum Guaranteed Interest Rate on Fixed Accounts, as specified on the Specifications Page. If such restrictions on Payments or Transfers are not in effect on the Contract Date, we will provide at least 30 days prior written notice of any restrictions on Payments and transfers after the Contract Date. Prior written notice will specify the fixed Investment Option(s) that are affected by such restriction. Any such restriction on Payments or Transfers to the fixed Investment Option(s) will not apply to automatic renewals of amounts already allocated to a fixed Investment Option(s). Renewal amount(s) are otherwise subject to the terms and conditions described in the Renewal provisions of the Contract. We will provide notice in writing within 30 days of when restrictions on Payments or transfers to fixed Investment Option(s) are removed. GUARANTEE PERIODS For any amounts allocated to the fixed Investment Options, you have the choice of the guarantee periods available as shown on the Specifications Page. The amount can be allocated into any combination of the fixed Investment Options offered under this Contract. Separate Investment Accounts will be established for each guarantee period. The guarantee period will be the duration of the fixed Investment Option selected measured from the date the amount is allocated to the Investment Account. Amounts cannot be allocated to a fixed Investment Option that would extend the guarantee period beyond the Maturity Date. RENEWALS The renewal amount is the Investment Account Value at the end of the particular guarantee period. The renewal amount will be automatically renewed in the same Investment Option at the end of the guarantee period, un...
FIXED ACCOUNT PROVISIONS. 7.1 PART 8 - ANNUITY PROVISIONS ............................................. 8.1 PART 9 - TRANSFERS ...................................................... 9.1 PART 10 - WITHDRAWAL PROVISIONS ......................................... 10.1 PART 11 - FEES AND DEDUCTIONS ........................................... 11.1 PART 12 - LOAN PROVISIONS ............................................... 12.1 PART 13 - PAYMENT OF CONTRACT BENEFITS .................................. 13.1 TABLE OF ANNUITY PAYMENT RATES .......................................... T.1 VENTURE.100.015.07-NY [SAMPLE] SPECIFICATIONS PAGE
FIXED ACCOUNT PROVISIONS. The Fixed Account is the general account of the Company. It is made up of all assets of the Company other than: (1) those in the Variable Account; and (2) those in any other segregated asset account.
FIXED ACCOUNT PROVISIONS. I1 Fixed Account Allocations: The Owner may make payments into the Fixed Account, subject to acceptance and approval by First SAFECO. The Fixed Account consists of the total Fixed Account Allocations received by First SAFECO and not previously withdrawn, plus interest on each such Fixed Account Allocation, less any applicable charges and deductions. Fixed Account Allocations will become part of the general account of First SAFECO to be so used and invested and will not be segregated from First SAFECO's other assets. I2 Interest Crediting:
FIXED ACCOUNT PROVISIONS. 7.1 PART 8 - ANNUITY PROVISIONS 8.1 PART 9 - TRANSFERS 9.1 PART 10 - WITHDRAWAL PROVISIONS 10.1 PART 11 - FEES AND DEDUCTIONS 11.1 PART 12 - LOAN PROVISIONS 12.1 PART 13 - PAYMENT OF CONTRACT BENEFITS 13.1 TABLE OF ANNUITY PAYMENT RATES T.1
FIXED ACCOUNT PROVISIONS. INVESTMENT ACCOUNT We will establish a separate Investment Account for you each time you allocate amounts to a fixed Investment Option. Any amounts you allocate to the same fixed Investment Option on the same day will establish a new Investment Account. Amounts invested in these Investment Accounts will earn interest at the guaranteed rate in effect on the date the amounts are allocated for the duration of the guarantee period. We will determine the guaranteed rate from time to time for new allocations, but in no event will the minimum guaranteed rate under a fixed Investment Account be less than 3%. GUARANTEE PERIODS For any amounts allocated to the fixed Investment Options, you have the choice of the guarantee periods available. The amount can be allocated into any combination
FIXED ACCOUNT PROVISIONS. Fixed Account Contract Value The Fixed Account Contract Value includes:
FIXED ACCOUNT PROVISIONS. 7.1 PART 8 - ANNUITY PROVISIONS ............................................ 8.1 PART 9 - TRANSFERS ..................................................... 9.1 PART 10 - WITHDRAWAL PROVISIONS ......................................... 10.1 PART 11 - FEES AND DEDUCTIONS ........................................... 11.1 PART 12 - LOAN PROVISIONS ............................................... 12.1 PART 13 - PAYMENT OF CONTRACT BENEFITS .................................. 13.1 TABLE OF ANNUITY PAYMENT RATES .......................................... T.1 VENTURE.100 SAMPLE SPECIFICATIONS PAGE TYPE OF CONTRACT: [QUALIFIED] MATURITY DATE: [07/25/2027] CONTRACT DATE: [07/25/1997] CONTRACT NUMBER: [000000005] INITIAL PAYMENT: [$3,500.00] GOVERNING LAW: [GA] OWNER: [XXXX XXX] CO-OWNER: [ ] ANNUITANT: [XXXX XXX] OWNER'S AGE: [46] CO-ANNUITANT: [ ] ANNUITY OPTION: [Life 10-Year Certain] PLAN [Venture III] MINIMUM GUARANTEED INTEREST [3.0%] per year RATE ON FIXED ACCOUNTS ASSET FEE [2.00% years 1-7] [1.85% years 8+]
FIXED ACCOUNT PROVISIONS. Section 7 -
FIXED ACCOUNT PROVISIONS. Restricted Account. Amounts will be transferred to and from the Restricted Account in accordance with the provisions of Section 11 - Loans and the terms of a Loan Request and Agreement as provided therein. For each amount transferred to the Restricted Account, interest will be credited at an effective annual rate declared by Penn Mutual. Such rate will be 2 1/2% less than the interest rate charged by Penn Mutual on the loan with respect to which the transfer to the Restricted Account was made. Interest will be credited at the same rate for the entire period that all or any part of the amount is held in the Restricted Account. The declared effective annual interest rate under the Restricted Account will never be less than 4%. On each contract anniversary, interest credited to the Restricted Account will be transferred to the investment accounts in accordance with the Owner's then current purchase payment allocation instructions.
