Common use of AMOUNT OF ANNUITY PAYMENTS Clause in Contracts

AMOUNT OF ANNUITY PAYMENTS. Charges made by us for premium taxes will be deducted from your Contract Value at the Annuity Date. The remaining value will be transferred to our General Account and applied to the annuity option chosen at our then current annuity purchase rates, which will be furnished on request. The annuity purchase rates will assume interest of not less than 4%. They will not be less favorable than those shown in the annuity tables in this Contract. The tables show the minimum guaranteed amount of each monthly payment for each $1,000 so applied, according to the sex and age at the Annuity Date of the Annuitant. The tables are based on the 1983 Table "a" for Individual Annuity Valuation with interest at 4%.

Appears in 2 contracts

Samples: Merrill Lynch Life Variable Annuity Separate Account A, Ml of New York Variable Annuity Separate Account A

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AMOUNT OF ANNUITY PAYMENTS. Charges made by us for premium taxes will be deducted from your Contract Value at the Annuity Date. The remaining value will be transferred to our General Account general account and applied to the annuity option chosen you selected, at our then current annuity purchase rates, which will be furnished on request. The annuity purchase rates will assume interest of not less than 43%. They will not be less favorable than those shown in the annuity tables in this Contract. The tables show the minimum guaranteed amount of each monthly payment for each $1,000 so applied, according to the sex (where permissible) and age at the Annuity Date of the Annuitant. The tables are based on the 1983 Table "a" for Individual Annuity Valuation Valuation, projected forward to 2000 with interest at 43%.

Appears in 1 contract

Samples: Ml of New York Variable Annuity Separate Account A

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AMOUNT OF ANNUITY PAYMENTS. Charges made by us for premium taxes will be deducted from your Contract Value at the Annuity Date. The remaining value will be transferred to our General Account general account and applied to the annuity option chosen you selected, at our then current annuity purchase rates, which will be furnished on request. The annuity purchase rates will assume interest of not less than 43%. They will not be less favorable than those shown in the annuity tables in this Contract. The tables show the minimum guaranteed amount of each monthly payment for each $1,000 so applied, according to the sex (where permissible) and age at the Annuity Date of the Annuitant. The tables are based on the 1983 Table "a" for Individual Annuity Valuation with interest at 43%.

Appears in 1 contract

Samples: Merrill Lynch Life Variable Annuity Separate Account A

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