Subsequent Variable Payments definition

Subsequent Variable Payments. The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date. The smallest gross annual rate of return needed for the dollar amount of the variable annuity payments to not decrease is equal to the sum of the assumed interest rate (AIR) of 4.00% and all product fees and charges. The fees and charges would include the Mortality and Expense Risk charge and the Administrative Fee as shown in the Contract Specifications, as well as the fund level expenses.
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Subsequent Variable Payments. The amount of each subsequent payment from each Division under a variable payment plan will increase or decrease in accord with the increase or decrease in the value of an Annuity Unit which reflects the investment experience of that Division of the Separate Account. The amount of subsequent variable payments is the sum of payments from each Division, each determined by multiplying the fixed number of Annuity Units for the Division by the value of an Annuity Unit for the Division on: . the fifth Valuation Date prior to the payment due date if the payment due date is a Valuation Date; or . the sixth Valuation Date prior to the payment due date if the payment due date is not a Valuation Date.
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Subsequent Variable Payments. The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date.
Sample 1Sample 2Sample 3

Examples of Subsequent Variable Payments in a sentence

  • Subsequent Variable Payments — The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount.

  • Amount of Second and Subsequent Variable Payments - The dollar amount of the second and subsequent variable income payments may change with the investment performance of the Variable Sub-Accounts.

  • Subsequent Variable Payments - The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount.

  • Determination of Subsequent Variable Payments The amount of each variable annuity payment after the first will increase or decrease according to the value of the variable annuity units which reflect the investment experience of the selected Subaccounts.

  • Please refer to the Subsequent Variable Payments provision in the Annuity Provisions section of your Contract for more details.

  • Subsequent Variable Payments — The amount of each Subsequent Variable Annuity Payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount.

  • Amount of Subsequent Variable Payments We determine the dollar amount of the second and subsequent variable payments by first identifying the number and value of the variable annuity units for each variable sub-account.

  • Determination of Subsequent Variable Payments The amount of each variable payment after the first will increase or decrease according to the unit value which reflects the investment experience of the selected Subaccounts.

  • Determination of Subsequent Variable Payments With Stabilization If “Life with Emergency Cash” is chosen (variable income option 3-V(c) or 5-V(b)), or if the initial payment guarantee is chosen, variable annuity payments during the first year following the annuity commencement date will be stabilized to equal the initial payment.

  • Determination of Subsequent Variable Payments Without Stabilization The number of variable annuity units in each selected subaccount is determined by dividing the first variable annuity payment allocated to the subaccount by the variable annuity unit value of that subaccount on the annuity commencement date.


More Definitions of Subsequent Variable Payments

Subsequent Variable Payments. The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date. The smallest gross annual rate of return needed for the dollar amount of the variable annuity payments to not decrease is equal to the sum of the assumed interest rate (AIR) of 4% and all product fees and charges. The fees and charges would include the Mortality and Expense Risk charge and the Administrative Fee shown in the Contract Specifications. Annuity Unit Value — The initial Annuity Unit Value for each Subaccount was arbitrarily set at $10 on the Business Day the Subaccount began operations. At the end of each subsequent Business Day, the Annuity Unit Value for each Subaccount is equal to (A x B) x C, where:
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Subsequent Variable Payments. The amount of each subsequent variable annuity payment will be the sum of the amounts payable based on the Annuity Units in each Subaccount. To determine the amount payable for each Subaccount, we multiply the number of Annuity Units in that Subaccount by their Annuity Unit Value on the day in each payment period that corresponds to the Annuity Date. The smallest gross annual rate of return needed for the dollar amount of the variable annuity payments to not decrease, as shown in the Fees & Charges section of the Contract Specifications, is equal to the sum of the assumed interest rate (AIR) of 4.00% and all product fees and charges. The fees and charges would include the Mortality and Expense Risk charge and the Administrative Fee shown in the Contract Specifications, as well as the fund level expenses. Annuity Unit Value — The initial Annuity Unit Value for each Subaccount was arbitrarily set at $10 on the Business Day the Subaccount began operations. At the end of each subsequent Business Day, the Annuity Unit Value for each Subaccount is equal to (A x B) x C, where:
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Subsequent Variable Payments. The amount of subsequent payments under a variable payment plan will increase or decrease according to the value of Annuity Units which reflect the investment experience of each Division of the Separate Account. The amount of subsequent variable payments is the sum of payments from each Division, each payment being determined by multiplying the fixed number of Annuity Units for the Division by the value of an Annuity Unit for that Division on: o the fifth Valuation Date prior to the payment due date, if the payment due date is a Valuation Date; or o the sixth Valuation Date prior to the payment due date, if the payment due date is not a Valuation Date. NPV.1C 11
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Related to Subsequent Variable Payments

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Make-Whole Payment means, with respect to any Series 2019-2 Note on any Optional Repurchase Distribution Date, the pro rata share with respect to such Series 2019-2 Note of the excess, if any, of (x) the sum of the Discounted Values for each Remaining Distribution Amount with respect to each Applicable Distribution Date over (y) the Series 2019-2 Invested Amount as of such Optional Repurchase Distribution Date (determined after giving effect to any payments made pursuant to Section 2.5(a) on such Distribution Date).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Principal Payment Dates means unless otherwise determined by the Fiscal Officer in the Certificate of Award, December 1 in the years from and including 2020 to and including 2035, provided that in no case shall the latest Principal Payment Date be later than the maximum maturity of the Bonds referred to in the preambles hereto.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Deferred Sales Charge Payment Date means June 10, 2015 and the tenth day of each month thereafter through October 10, 2015.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Payment Amount has the meaning specified in Section 6.1.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.