Annual Adjustments to Benefit Base. On each Ratchet Date during the Accumulation Phase, the Benefit Base automatically adjusts to the greater of: • the current Benefit Base; and • the current Covered Fund Value.
Appears in 4 contracts
Samples: Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Co of New York), Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Company), Variable Annuity-8 Series Account (Of Great-West Life & Annuity Insurance Co of New York)
Annual Adjustments to Benefit Base. On each Ratchet Date during the Accumulation Phase, the Benefit Base automatically adjusts to the greater of: • the current Benefit Base; and or • the current Covered Fund Value.
Appears in 1 contract
Samples: Variable Annuity-8 Series Account
