Terms of Annuity Options. (a) When payments start, the age of the Annuitant plus the number of years for which payments are guaranteed must not exceed 95.
Terms of Annuity Options. 24 4.03 Death of Annuitant/Beneficiary .................................... 25 4.04 Fund(s) Annuity Units -- Separate Account ......................... 26 4.05 Fund(s) Annuity Unit Value -- Separate Account .................... 26 4.06 Annuity Net Return Factor(s) -- Separate Account .................. 26 4.07
Terms of Annuity Options. The minimum first payment amount must be at least $50 per month and at least $250 per year. If the Certificate Holder elects a fixed Annuity and We determine that the Certificate Holder would receive larger payments by applying the Certificate Holder's Account Value, reduced by the deferred sales charge, to a single premium immediate Annuity currently offered by Us, We will make the larger payments. We determine the first payment of a variable Annuity, or the payment amount of a fixed Annuity, using the Annuitant's (and second Annuitant's if applicable) adjusted age which We calculate as follows:
Terms of Annuity Options. 17 4.03 Death of Annuitant/Beneficiary.......................................18 4.04
Terms of Annuity Options. (a) No choice of any Annuity option may be made if the first payment would be less than $20 or if the total payments in a year would be less than $100.
Terms of Annuity Options. 17 4.03 DEATH OF ANNUITANT/ BENEFICIARY..................................18
Terms of Annuity Options. (Cont'd) The Annuitant's and second Annuitant's age will be reduced by two years for Annuity commencement dates occurring during the period of time from January 1, 2000 through December 31, 2009. The Annuitant's and second Annuitant's age will be reduced by one additional year for Annuity commencement dates occurring in each succeeding decade. The Annuity purchase rates for options 2 and 3 are based on mortality from 1983 Table a.
Terms of Annuity Options. 33 5.03 Annuity Payments to Annuitant: . . . . . . . . . 33 5.04 Death Provision: . . . . . . . . . . . . . . . . 33 5.05 Fund Annuity Units: . . . . . . . . . . . . . . . 34 5.06 Fund Annuity Unit Value: . . . . . . . . . . . . 34 5.07 Fund Annuity Net Return Factor: . . . . . . . . . 34 5.08 Annuity Options: . . . . . . . . . . . . . . . . 34 This page intentionally left blank
Terms of Annuity Options a) No choice of any Annuity option may be made if the first payment would be less than $20 or if the total payments in a year would be less than $100. b) For purposes of calculating the guaranteed first payment of a Variable Annuity or the payments for a Fixed Annuity, the Annuitant's and second Annuitant's adjusted age will be used. The Annuitant's and second Xxxxxxxxx's adjusted age is his or her age as of the birthday closest to the Annuity commencement date reduced by one year for Annuity commencement dates occurring during the period of time from July 1, 1992 through December 31, 1999. The Annuitant's and second Xxxxxxxxx's age will be reduced by two years for Annuity commencement dates occurring during the period of time from January 1, 2000 through December 31, 2009. The Annuitant's and second Annuitant's age will be reduced by one additional year for Annuity commencement dates occurring in each succeeding decade. The Annuity rates for options 3 and 4 are based on mortality from 1983 Table a.
Terms of Annuity Options a) No choice of any Annuity option may be made if the first payment would be less than $20 or if the total payments in a year would be less than $100. b) For purposes of calculating the guaranteed first payment of a Variable Annuity or the payments for a Fixed Annuity, the Annuitant's and second Annuitant's adjusted age will be used. The Annuitant's and second Xxxxxxxxx's adjusted age is his or her age as of the birthday closest to the Annuity commencement date reduced by one year for Annuity commencement dates occurring during the period of time from July 1, 1992 through December 31, 1999. The Annuitant's and second Xxxxxxxxx's age will be reduced by
