Fixed Amount. We will pay equal monthly installments, first payment immediately, until the Proceeds and the interest have been exhausted. Interest will be credited on unpaid balances at the rate which We will declare each year. It will never be less than 3-1/2%, compounded annually.
Appears in 4 contracts
Samples: Description (Llac Variable Account), Description (Llac Variable Account), Llac Variable Account
Fixed Amount. We will pay equal monthly installments, first payment immediately, until the Proceeds and the interest have been exhausted. Interest will be credited on unpaid balances at the rate which We will declare each year. It will never be less than 3-3 1/2%, compounded annually.
Appears in 2 contracts
Samples: Llac Variable Account, Llac Variable Account
