AMOUNT OF FIXED ANNUITY PAYMENTS Sample Clauses

AMOUNT OF FIXED ANNUITY PAYMENTS. The amount of each Fixed Annuity payment will be determined by applying the portion of the Contract Value allocated by You for Fixed Annuity payments less any applicable premium taxes to the annuity table applicable to the Fixed Annuity payment option chosen.
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AMOUNT OF FIXED ANNUITY PAYMENTS. The amount of each Fixed Annuity payment will be determined by applying the portion of the Contract Value allocated to Fixed Annuity payments less any applicable premium taxes to the annuity table applicable to the Fixed Annuity payment option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS (a) FIRST VARIABLE ANNUITY PAYMENT: The dollar amount of the first Variable Annuity payment will be determined by applying the portion of the Contract Value allocated to the Subaccount, less any applicable premium taxes, to rates which are at least equal to the annuity rates based upon the annuity table applicable to the Variable Annuity payment option chosen. If the Contract Value is allocated to more than one Subaccount, the value of Your interest in each Subaccount is applied separately to the Variable Annuity payment option table to determine the amount of the first annuity payment attributable to each Subaccount.
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AMOUNT OF FIXED ANNUITY PAYMENTS. The portion of the Contract Value designated by the Contract Owner for a fixed annuity option, will be applied to that annuity option as of the Annuity Date. In no event will the monthly income under Option 1, Option 2, Option 3 and Option 4 be less than the guaranteed monthly income. The guaranteed monthly income will be equal to that portion of the Contract Value, designated by the Contract Owner for a fixed annuity option, applied to the Fixed Annuity Options Table in this section. The Fixed Annuity Options Table shows the amount of the first payment for each $1,000 so applied, according to the age at the Annuity Date. The tables are based on the Annuity 2000 Basic Table, without projections, 50% male/50% female with an effective annual interest rate of 3%. Adjusted ages are used in applying those tables.
Sample 1
AMOUNT OF FIXED ANNUITY PAYMENTS. The amount of each Fixed Annuity payment will be determined by applying the portion of the Contract Value allocated to Fixed Annuity payments less any applicable premium taxes, charges and any Interest Rate Adjustment that may apply in the case of premature annuitizations, to the annuity table applicable to the Annuity Option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS. FIRST VARIABLE PAYMENT. THE DOLLAR AMOUNT OF THE FIRST MONTHLY ANNUITY PAYMENT WILL BE DETERMINED BY APPLYING THE PORTION OF THE CONTRACT VALUE ALLOCATED TO VARIABLE ANNUITY PAYMENTS, LESS ANY APPLICABLE PREMIUM TAXES, TO THE ANNUITY TABLE APPLICABLE TO THE ANNUITY OPTION CHOSEN. THOSE TABLES ARE BASED ON A SET AMOUNT PER $1,000 OF PROCEEDS APPLIED. The dollars applied are then divided by 1,000 and the result multiplied by the appropriate annuity factor appearing in the table to compute the amount of the first monthly annuity payment. That amount is divided by the value of an Annuity Unit as of the Annuity Date to establish the number of Annuity Units representing each Variable Annuity payment. The number of Annuity Units determined for the first Variable Annuity payment remains constant for the second and subsequent monthly Variable Annuity payments, assuming that no reallocation of Contract Values is made. The total Variable Annuity payment is equal to the sum of the annuity payments as determined above for each Portfolio to which the Contract Value is allocated on the Annuity Date.
Sample 1
AMOUNT OF FIXED ANNUITY PAYMENTS. The amount of each Fixed Annuity payment will be determined by applying the portion of the Contract Value allocated to the Fixed Account Option less any applicable premium taxes to the annuity table applicable to the Fixed Annuity payment option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS (a) FIRST VARIABLE ANNUITY PAYMENT: The dollar amount of the first Variable Annuity payment will be determined by applying the portion of the Contract Value allocated to the Subaccounts, less any applicable premium taxes, to the annuity table applicable to the Variable Annuity payment option chosen. If the Contract Value is allocated to more than one Subaccount, the value of Your interest in each Subaccount is applied separately to the Variable Annuity payment option table to determine the amount of the first annuity payment attributable to each Subaccount.
Sample 1

Related to AMOUNT OF FIXED ANNUITY PAYMENTS

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