Common use of Payment Plans Clause in Contracts

Payment Plans. The fixed income options are shown below. The monthly payment rate is based on the [Annuity 2000 Mortality Table], using an Assumed Interest Rate of [3%]. Variable income options, with an Assumed Interest Rate of [3%], have the same initial monthly payment rate per $1000 as the fixed income options shown below. The calculation of subsequent Variable Income Payments is described in the Monthly Income Benefit section. Other plans may be available upon request.

Appears in 2 contracts

Samples: Flexible Purchase (Genworth Life & Annuity VA Separate Account 2), Flexible Purchase (Genworth Life & Annuity VA Separate Account 2)

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Payment Plans. The fixed income options are shown below. The monthly payment rate is based on the [Annuity 2000 Mortality Table], using an Assumed Interest Rate interest rate of [3%]. Variable income options, with an Assumed Interest Rate of [3%], have the same initial monthly payment rate per $1000 as the fixed income options shown below. The calculation of subsequent Variable Income Payments is described in the Monthly Income Benefit section. Other plans may be available upon request.

Appears in 1 contract

Samples: Flexible Purchase Payment Variable (Genworth Life of New York VA Separate Account 3)

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Payment Plans. The fixed income options are shown below. The monthly payment rate is based on the [Annuity 2000 Mortality Table], using an Assumed Interest Rate of [3%]. Variable income options, with an Assumed Interest Rate of [3%], have the same initial monthly payment rate per $1000 as the fixed income options shown belowin the Plan 1 and Plan 5 Tables. The calculation of subsequent Variable Income Payments monthly payment rate is described in based on the Monthly Income Benefit section1983 Table 'a', using 3% interest. Other plans may be available upon request.

Appears in 1 contract

Samples: Ge Life & Annuity Assurance Co Iv

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