Common use of Annuity Date Clause in Contracts

Annuity Date. If no Annuity Date is specified on the Application, the Annuity Date will be the Latest Annuity Date, as set by the Company. PAYMENTS TO OWNER Unless You request otherwise, We will make annuity payments to You. If You want the annuity payments to be made to some other Payee, We will make such payments subject to receipt of a written request filed at the Annuity Service Center no later than thirty (30) days before the due date of the first annuity payment. Any such request is subject to the rights of any assignee. No payments available to or being paid to the Payee while the Annuitant is alive can be transferred, commuted, anticipated or encumbered. FIXED ANNUITIZATION If a Fixed Annuitization has been elected, the proceeds payable under this Contract less any applicable premium taxes, shall be applied to the payment of the fixed annuity payment option elected at rates which are at least equal to the annuity rates based upon the applicable tables in the Contract. In no event will the Fixed Annuitization be changed once it begins. BETTERMENT OF RATES The amount of the Owner's monthly payment will be at least equal to the monthly payment produced by the application of an amount equal to the Contract Value of this Contract to purchase any single consideration immediate annuity contract offered by the Company at the same time to the same class of annuitants. We are not currently offering any single premium immediate annuity contracts. 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 Annuitization, less any applicable premium taxes, to the annuity table applicable to the fixed annuity payment option chosen.

Appears in 2 contracts

Samples: Fs Variable Annuity Account Five, Fs Variable Annuity Account Nine

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Annuity Date. If no Annuity Date is specified on the Application, The Owner selects the Annuity Date will be at the Latest Annuity Datetime of the application, as set and may later change it by written request to the Company. PAYMENTS TO OWNER Unless You request otherwise, We will make annuity payments to You. If You want the annuity payments to be made to some other Payee, We will make such payments subject to receipt of a written request filed at the Annuity 's Variable Service Center no later than at least thirty (30) days prior to the existing Annuity Date. If an Annuity Date is selected that would cause a Withdrawal Charge Event to occur, a Withdrawal Charge will be deducted from Contract Value before the due date first Annuity Payment is made. The Annuity Date on the Issue Date is shown on the Contract Data Page. ANNUITY PAYMENTS Annuity Payments are paid in monthly installments in the form of Fixed Annuity Payments, Variable Annuity Payments or a combination of Fixed Annuity Payments and Variable Annuity Payments. The Owner may select the form of Annuity Payments by written request to the Company at its Variable Service Center at least seven (7) days prior to the Annuity Date. If all of the first annuity payment. Any such request Contract Value on the seventh calendar day before the Annuity Date is subject allocated to the rights Fixed Account, Fixed Annuity Payments will be made. If all of any assignee. No payments available to or being paid the Contract Value on that date is allocated to the Payee while Separate Account, Variable Annuity Payments will be made. If the Annuitant Contract Value on that date is alive can allocated to both the Fixed Account and the Separate Account, a combination of Fixed Annuity Payments and Variable Annuity Payments will be transferredmade to reflect the allocation between the Fixed Account Value and the Variable Account Value. The payments will be made to the Annuitant, commutedunless a different payee is selected by the Owner by written request to the Company at its Variable Service Center at least 30 days prior to the Annuity Date. The Contract Value on the Annuity Date, anticipated or encumbered. FIXED ANNUITIZATION If a Fixed Annuitization has been elected, the proceeds payable under this Contract less as adjusted for any applicable premium taxestaxes and charges ("Adjusted Contract Value"), shall will be applied to the payment of applicable Annuity Table contained in the fixed annuity payment option elected at rates which are at least equal to the annuity rates Contract based upon the applicable tables in Annuity Option selected by the ContractOwner. In no event will the Fixed Annuitization be changed once it begins. BETTERMENT OF RATES The amount of the Owner's monthly first payment for each $1,000 of Adjusted Contract Value is shown in the Annuity Tables. If, as of the Annuity Date, the current Annuity Option rates applicable to this class of contracts provide an initial Annuity Payment greater than that guaranteed under the same Annuity Option under this Contract, the greater payment will be at least equal made. The total dollar amount of each Annuity Payment is the sum of the Variable Annuity Payment and the Fixed Annuity Payment. The Company reserves the right to pay Annuity Payments in one sum when the monthly payment produced by the application of an remaining payments are less than $2,000, or other minimum amount equal to the Contract Value of this Contract to purchase any single consideration immediate annuity contract offered established by the Company at the same from time to time, or when the same class Annuity Option elected would result in periodic payments of annuitantsless than $100. We are not currently offering any single premium immediate annuity contracts. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying a Variable Annuity Payment is dependent upon (a) the portion Contract Value, adjusted for any applicable charges, that is applied to an Annuity Option; (b) the rates for the Annuity Option selected, as stated in the Annuity Option Tables; and (c) the investment performance of the Contract Value allocated by You for Fixed Annuitization, less any applicable premium taxes, selected Sub-Accounts during the Annuity Period. Variable Annuity Payments are not guaranteed as to the annuity table applicable to the fixed annuity payment option chosendollar amount.

Appears in 1 contract

Samples: First Variable Annuity Fund E

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Annuity Date. If no Annuity Date is specified on the Application, The Owner selects the Annuity Date will be at the Latest Annuity Datetime of the application, as set and may later change it by written request to the Company. PAYMENTS TO OWNER Unless You request otherwise, We will make annuity payments to You. If You want the annuity payments to be made to some other Payee, We will make such payments subject to receipt of a written request filed at the Annuity 's Variable Service Center no later than at least thirty (30) days prior to the existing Annuity Date. If an Annuity Date is selected that would cause a Withdrawal Charge Event to occur, a Withdrawal Charge will be deducted from Contract Value before the due date first Annuity Payment is made. The Annuity Date on the Issue Date is shown on the Contract Data Page. ANNUITY PAYMENTS Annuity Payments are paid in monthly installments in the form of Fixed Annuity Payments, Variable Annuity Payments or a combination of Fixed Annuity Payments and Variable Annuity Payments. The Owner may select the form of Annuity Payments by written request to the Company at its Variable Service Center at least seven (7) days prior to the Annuity Date. If all of the first annuity payment. Any such request Contract Value on the seventh calendar day before the Annuity Date is subject allocated to the rights Fixed Account, Fixed Annuity Payments will be made. If all of any assignee. No payments available to or being paid the Contract Value on that date is allocated to the Payee while Separate Account, Variable Annuity Payments will be made. If the Annuitant Contract Value on that date is alive can allocated to both the Fixed Account and the Separate Account, a combination of Fixed Annuity Payments and Variable Annuity Payments will be transferredmade to reflect the allocation between the Fixed Account Value and the Variable Account Value. The payments will be made to the Annuitant, commutedunless a different payee is selected by the Owner by written request to the Company at its Variable Service Center at least 30 days prior to the Annuity Date. The Contract Value on the Annuity Date, anticipated or encumbered. FIXED ANNUITIZATION If a Fixed Annuitization has been elected, the proceeds payable under this Contract less as adjusted for any applicable premium taxestaxes and charges ("Adjusted Contract Value"), shall will be applied to the payment of applicable Annuity Table contained in the fixed annuity payment option elected at rates which are at least equal to the annuity rates Contract based upon the applicable tables in Annuity Option selected by the ContractOwner. In no event will the Fixed Annuitization be changed once it begins. BETTERMENT OF RATES The amount of the Owner's monthly first payment for each $1,000 of Adjusted Contract Value is shown in the Annuity Tables. If, as of the Annuity Date, the current Annuity Option rates applicable to this class of contracts provide an initial Annuity Payment greater than that guaranteed under the same Annuity Option under this Contract, the greater payment will be at least equal made. The total dollar amount of each Annuity Payment is the sum of the Variable Annuity Payment and the Fixed Annuity Payment. The Company reserves the right to pay Annuity Payments in one sum when the monthly payment produced by the application of an remaining payments are less than $2,000, or other minimum amount equal to the Contract Value of this Contract to purchase any single consideration immediate annuity contract offered established by the Company at the same from time to time, or when the same class Annuity Option elected would result in periodic payments of annuitantsless than $100. We are not currently offering any single premium immediate annuity contracts. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying a Variable Annuity Payment is dependent upon (a) the portion Contract Value, adjusted for any applicable charges, that is applied to an Annuity Option; (b) the rates for the Annuity Option selected, as stated in the Annuity Option Tables; and (c) the investment performance of the Contract Value allocated by You selected Sub-Accounts during the Annuity Period. Variable Annuity Payments are not guaranteed as to dollar amount. Calculation. The dollar amount of Variable Annuity Payments for Fixed Annuitization, less any each applicable premium taxes, to Sub-Account after the annuity table applicable to the fixed annuity payment option chosen.first Variable Annuity Payment is determined as follows:

Appears in 1 contract

Samples: First Variable Annuity Fund E

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