Common use of AMOUNT OF ANNUITY BENEFITS Clause in Contracts

AMOUNT OF ANNUITY BENEFITS. If the Annuitant elects an Annuity Benefit, the Amount Applied will be applied as of the Annuitant's Retirement Date to provide the Annuity Benefit. The Amount Applied shall provide the Annuity Benefit on the basis of the Table of Guaranteed Annuity Payments shown in Section 4.06. The amount of income provided under an Annuity Benefit payable on the Life Annuity Form with Ten Years Certain is based on 2.5% interest and the 1983 Individual Annuity Mortality Table "a" projected with modified Scale "G". If a variable annuity form is available from us and elected, then the amounts required will be calculated by us based on the 1983 Individual Annuity Mortality Table "a" projected with a modified Scale "G" and a modified two year age setback and on an Assumed Base Rate of Net Investment Return of 3.5% or 5.0%, whichever will apply, as we will inform you.