Variable Annuity Payments. The annuity payment options are available on a variable basis. The total amount of each variable annuity payment will be the sum of the variable annuity payments for each Variable Account selected by the Owner to apply to an annuity payment option. The dollar amount of the first variable annuity payment will depend on: • the value of each Variable Account on the first Valuation Date preceding the Annuity Commencement Date; • the annuity payment option selected; • the age and sex of the annuitant / Owner; • the annuity purchase rates, which shall be the same rates that are available for a single premium immediate annuity currently offered by Great-West at the time the Owner begins receiving annuity payments; • an assumed interest rate (“AIR”)of [2.5%]; • the deduction of any applicable premium taxes; and • the deduction of any Contract fees and charges. The dollar amount of additional variable annuity payments will vary based on the investment performance of the Variable Accounts selected by the Owner to apply to an annuity payment option. This amount is equal to the sum of the amounts determined by multiplying the number of annuity units of each particular Variable Account by the annuity unit value for the particular Variable Account on the date the payment is made. The number of annuity units to be credited in respect of a particular Variable Account is determined by dividing the portion of the first variable annuity payment attributable to that Variable Account by the annuity unit value of that Variable Account on the Annuity Commencement Date. The number of annuity units of each particular Variable Account then remains fixed, assuming no transfers to or from that Variable Account occur. The dollar amount of each variable annuity payment after the first may increase, decrease, or remain constant. If the actual investment performance of a Variable Account (net of fees and expenses) exactly matches the AIR of [2.5%] at all times, the amount of each variable annuity payment would remain constant. If actual investment performance (net of fees and expenses) exceeds the AIR, the amount of the variable annuity payments would [SecureFoundation VA] XXX - 22 - increase. Conversely, if actual investment performance (net of fees and expenses) is lower than the assumed investment return, the amount of the variable annuity payments would decrease. Once variable annuity payments have begun, the Owner may transfer all or a portion of his or her Covered Fund Value from o...
Variable Annuity Payments. The contract contains tables indicating the minimum dollar amount of the first monthly payment under the optional forms of annuity for each $1,000 of value of a Sub-Account under the contract. The first monthly payment varies according to the variable annuity payment option selected. The first annuity payment is computed using the value of the Annuity Units as of the Annuity Calculation Date. If You elect variable annuity payments, Your election must specify the Assumed Investment Return upon which Your payments are to be based. The available rates are 3%, 5%, and 6%. The first annuity payment is payable on the Annuity Commencement Date. The remaining Annuity payments are computed and payable as of the same day of the month as the Annuity Commencement Date based on the elected Annuity Payment Frequency. The amount of the first variable annuity payment is divided by the Annuity Unit value for Your selected Sub-Account(s) as of the Annuity Commencement Date. This number of Annuity Units remains constant for the selected Sub-Account during the annuity payment period. For each subsequent payment the dollar amount of the Variable Annuity payment is determined by multiplying the specified number of Annuity Units by the Annuity Unit value. If subsequent payment dates fall on a non-Valuation Day (weekend or holiday), the payment will be computed and payable as of the prior Valuation Day. If the day of the month elected does not occur in a given month (29th, 30th, or 31st), the payments will be computed and payable as of the last Valuation Day of the month. Variable annuity payments under the Sixth Option with periods of 10 years or greater are available at any time and periods of 5 to 10 years are available on or after the second Contract Anniversary.
Variable Annuity Payments. The dollar amount of the first Variable Annuity payment shall be determined in accordance with the annuity payment rates shown on pages 19 and 20, which are based on an assumed interest rate of 3% per year. All Variable Annuity payments other than the first are determined by means of Annuity Units credited with respect to the particular Payee. The number of Annuity Units that the Company will credit in respect of a particular Sub-Account is determined by dividing that portion of the first Variable Annuity payment attributable to that Sub-Account by the Annuity Unit value of that Sub-Account for the Valuation Period which ends immediately preceding the Annuity Commencement Date. The resulting number of Annuity Units of each Sub-Account credited with respect to the Payee remains fixed unless an exchange of Annuity Units is made pursuant to the Exchange of Variable Annuity Units section below. The dollar amount of each Variable Annuity payment after the first may increase, decrease or remain constant, and is equal to the sum of the amounts determined by multiplying the number of Annuity Units of a particular Sub-Account credited with respect to the Payee by the Annuity Unit value for the particular Sub-Account for the Valuation Period which ends immediately preceding the due date of each subsequent Variable Annuity payment.
Variable Annuity Payments. 13 Any contract amendments or endorsements follow the contract data page. Additional benefits added by rider follow the Optional Annuity Forms Tables. ANNUITANT: Xxxx Xxx OWNER: Xxxx Xxx CONTRACT NUMBER: 0000000000
Variable Annuity Payments. (1) To determine the amount of the first monthly variable annuity payment, the amount available to purchase the variable annuity is multiplied by the appropriate annuity purchase rate based on the 1983 IAM Mortality Table, set back one year, with an assumed interest rate of four percent (4%), as represented by Annuity Purchase Rate Table B.
Variable Annuity Payments. The dollar amount of each Variable Annuity payment depends on the number of Annuity Units credited to that Annuity Option, and the value of those Units. The number of Annuity Units is determined as follows:
Variable Annuity Payments. 21 FORM T1575 2 The American Franklin Life Insurance Company SCHEDULE PAGE INITIAL PURCHASE PAYMENT: $10,000 MINIMUM ADDITIONAL PURCHASE PAYMENTS (Per Division or Guarantee Period): $ 100 ADDITIONAL BENEFITS: NONE MAXIMUM ASSET CHARGE FACTORS (Separate Account Only) ANNUAL RATE: 1.40% MAXIMUM ANNUAL CONTRACT FEE: $ 30 TRANSFER CHARGE: $ 25 ISSUE AGE: 35 ANNUITY COMMENCEMENT DATE: JANUARY 1, 2026 INITIAL ALLOCATION: Net Dollar Amount of Percentage Allocations VIP Money Market Portfolio 100% $10,000 VIP High Income Portfolio xx% $ xxx VIP Investment Grade Bond Portfolio xx% $ xxx VIP Equity-Income Portfolio xx% $ xxx VIP Growth Portfolio xx% $ xxx VIP Overseas Portfolio xx% $ xxx VIP Asset Manager Portfolio xx% $ xxx VIP Index 500 Portfolio xx% $ xxx VIP II Contrafund Portfolio xx% $ xxx MFS Emerging Growth Portfolio xx% $ xxx MFS Research Portfolio xx% $ xxx MFS Growth With Income Portfolio xx% $ xxx MFS Total Return Portfolio xx% $ xxx MFS Utilities Portfolio xx% $ xxx MFS Value Portfolio xx% $ xxx Fixed Account 1 Year Guarantee Period xx% $ xxx 3 Year Guarantee Period xx% $ xxx 5 Year Guarantee Period xx% $ xxx ------ --------- Total Allocations 100% $10,000 ANNUITANT: XXXX XXX CONTRACT NUMBER: 123456
Variable Annuity Payments. 9 Any contract amendments or endorsements follow the Contract Data Page. Additional benefits added by rider follow the Optional Annuity Forms Tables. CONTRACT DATA PAGE INITIAL ALLOCATION OF NET PURCHASE PAYMENTS ANNUITANT: BENEFICIARY AT ISSUE: TWO PRIMARY CONTRACT NUMBER: CONTRACT DATE: OWNER: XXXXXXXX X XXXXXX ANNUITY COMMENCEMENT DATE: INITIAL PURCHASE PAYMENT: The Annual Administrative Charge is $30.00. (Waived if Contract Value is Over $25,000). DEFINITIONS WE, US, OUR First Fortis Life Insurance Company. YOU, YOUR The owner of this contract, or after the annuity commencement date, the annuitant. ACCUMULATION UNIT A unit of measurement used to calculate the value of your interest in the separate account before the annuity commencement date.
Variable Annuity Payments. The contract contains tables indicating the minimum dollar amount of the first monthly payment under the optional forms of annuity for each $1,000 of value of a Sub-Account under the contract. The first monthly payment varies according to the variable annuity payment option selected. The first annuity payment is computed using the value of the Annuity Units as of the Annuity Calculation Date. If You elect variable annuity payments, Your election must specify the Assumed Investment Return upon which Your payments are to be based. The available rates are 3%, 5%, and 6%.
Variable Annuity Payments. [Sierra Advantage II] issued by American General Life Insurance Company SCHEDULE PAGE INITIAL PURCHASE PAYMENT: $5,000 MINIMUM ADDITIONAL PURCHASE PAYMENTS: $ 100 ADDITIONAL BENEFITS: NONE MAXIMUM ASSET CHARGE FACTORS (Separate Account Only) ANNUAL RATE: 1.40% MAXIMUM ANNUAL CONTRACT FEE: $ 35 TRANSFER CHARGE (After first 12 in a Contract Year): $ 25 ISSUE AGE: 35 ANNUITY COMMENCEMENT DATE: JANUARY 1, 2027 [INITIAL ALLOCATION: NET DOLLAR AMOUNT OF PERCENTAGE ALLOCATIONS Capital Growth Portfolio 100% $ 5,000 Growth Portfolio xx% $ xxx Balanced Portfolio xx% $ xxx Value Portfolio xx% $ xxx Income Portfolio xx% $ xxx Global Money Fund xx% $ xxx Fixed Account 1 Year Guarantee Period xx% $ xxx DCA Fixed Account xx% $ xxx ---- -------- TOTAL ALLOCATIONS 100% $ 5,000] ANNUITANT: JOHN DOE CONTRACT NUMBER: 123456 CONTRACT OWNER: XXHN DOE DATE OF ISSUE: JANUARY 1, 1997 CONTRACT XXXXXXXCTION: (STATE NAME) DEFINITIONS
