ANNUITY INCOME PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Contract to Us at Our Annuity Service Center, the Contract Value may be applied to provide one of the following annuity income payment options or any annuity income payment option that is mutually agreeable. Prior to the Annuity Date but not before the Earliest Annuity Date After The Contract Date shown on the Contract Data Page, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed; for Joint Owners, You will automatically receive Option 3, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further annuity income payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further annuity income payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY - WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, annuity income payments have been made for less than 120 or 240 monthly periods, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at the death of the survivor, annuity income payments have been made for at least 120 or 240 monthly periods, as selected at the time of annuitization, no further annuity income payments will be made. OPTIONS 4 & 4V - LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, annuity income payments have been made for less than the 120 or 240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at death of the Annuitant, annuity income payments have been made for at least 120 or 240 monthly periods, no further payments will be made. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant during the specified period of time, any remaining annuity income payments will be continued to the Beneficiary. If the Annuitant dies after the end of the specific period of time, no further annuity income payments will be made. If Variable Annuity Income Payments are elected under this Annuity Income Payment Option, any remaining guaranteed Variable Annuity Income Payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if Your Contract was fully withdrawn. AS-993 (12/10) 20 FIXED ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with a guaranteed interest rate of [1.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Fixed Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 4 OPTION 4 LIFE ANNUITY LIFE ANNUITY AGE OF OPTION 1 (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) MALE FEMALE MALE FEMALE MALE FEMALE 55 3.68 3.38 3.64 3.35 3.48 3.27 56 3.77 3.46 3.73 3.43 3.55 3.34 57 3.87 3.54 3.82 3.51 3.62 3.40 58 3.98 3.63 3.92 3.60 3.69 3.47 59 4.09 3.73 4.02 3.69 3.76 3.54 60 4.21 3.83 4.13 3.78 3.83 3.62 61 4.34 3.93 4.24 3.89 3.90 3.69 62 4.47 4.05 4.36 3.99 3.97 3.77 63 4.62 4.17 4.49 4.10 4.04 3.84 64 4.77 4.30 4.62 4.22 4.10 3.92 65 4.93 4.44 4.76 4.35 4.17 4.00 66 5.11 4.58 4.90 4.48 4.24 4.07 67 5.30 4.74 5.05 4.62 4.30 4.15 68 5.49 4.91 5.20 4.76 4.36 4.22 69 5.71 5.09 5.36 4.92 4.41 4.29 70 5.93 5.29 5.53 5.08 4.47 4.36 71 6.17 5.50 5.70 5.25 4.51 4.42 72 6.43 5.73 5.87 5.43 4.56 4.48 73 6.70 5.98 6.05 5.62 4.60 4.53 74 6.99 6.24 6.23 5.81 4.63 4.58 75 7.31 6.53 6.41 6.01 4.67 4.62 76 7.64 6.84 6.59 6.21 4.69 4.65 77 8.00 7.18 6.78 6.41 4.72 4.69 78 8.38 7.55 6.96 6.62 4.74 4.71 79 8.79 7.94 7.13 6.83 4.75 4.74 80 9.23 8.37 7.31 7.03 4.77 4.75 81 9.70 8.84 7.47 7.23 4.78 4.77 82 10.20 9.34 7.63 7.42 4.79 4.78 83 10.73 9.88 7.78 7.60 4.80 4.79 84 11.30 10.47 7.93 7.77 4.80 4.80 85 11.90 11.10 8.06 7.93 4.81 4.80 AS-993 (12/10) 21 OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.54 3.60 3.64 60 3.12 3.36 3.59 3.78 3.94 4.05 4.12 65 3.21 3.51 3.83 4.13 4.40 4.61 4.75 70 3.27 3.63 4.03 4.46 4.89 5.26 5.53 75 3.32 3.70 4.18 4.74 5.35 5.95 6.45 80 3.34 3.76 4.29 4.95 5.75 6.62 7.45 85 3.36 3.79 4.35 5.09 6.05 7.20 8.44 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.53 3.59 3.62 60 3.12 3.36 3.58 3.78 3.93 4.03 4.09 65 3.21 3.51 3.82 4.12 4.38 4.56 4.67 70 3.27 3.62 4.02 4.44 4.84 5.16 5.36 75 3.31 3.70 4.16 4.70 5.26 5.76 6.11 80 3.33 3.74 4.25 4.88 5.59 6.28 6.80 85 3.35 3.77 4.31 4.99 5.81 6.66 7.35 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.00 3.16 3.30 3.39 3.45 3.47 3.48 60 3.11 3.33 3.53 3.68 3.77 3.81 3.82 65 3.18 3.46 3.72 3.94 4.08 4.15 4.17 70 3.23 3.54 3.86 4.14 4.33 4.43 4.46 75 3.26 3.59 3.94 4.27 4.50 4.62 4.66 80 3.27 3.61 3.98 4.33 4.58 4.71 4.76 85 3.27 3.62 3.99 4.35 4.61 4.75 4.80 AS-993 (12/10) 22 OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. FIXED PAYMENT FOR SPECIFIED PERIOD NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 (12/10) 23 VARIABLE ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with an effective annual Assumed Investment Rate of [3.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Variable Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1V & 4V - TABLE OF MONTHLY INSTALLMENTS PER $1,000 (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1V OPTION 4V OPTION 4V LIFE ANNUITY LIFE ANNUITY AGE OF (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) MALE FEMALE MALE FEMALE MALE FEMALE 55 4.80 4.48 4.74 4.45 4.54 4.34 56 4.89 4.56 4.82 4.52 4.60 4.40 57 4.99 4.64 4.91 4.60 4.67 4.46 58 5.09 4.73 5.01 4.68 4.73 4.53 59 5.21 4.82 5.11 4.77 4.79 4.59 60 5.33 4.92 5.21 4.86 4.86 4.66 61 5.45 5.03 5.32 4.96 4.92 4.73 62 5.59 5.14 5.44 5.06 4.98 4.80 63 5.73 5.26 5.56 5.17 5.05 4.87 64 5.89 5.39 5.69 5.29 5.11 4.94 65 6.06 5.53 5.83 5.41 5.17 5.01 66 6.24 5.68 5.97 5.54 5.23 5.08 67 6.43 5.84 6.11 5.67 5.29 5.14 68 6.63 6.01 6.26 5.82 5.34 5.21 69 6.84 6.19 6.42 5.97 5.39 5.28 70 7.07 6.39 6.57 6.12 5.44 5.34 71 7.32 6.60 6.74 6.29 5.48 5.39 72 7.58 6.84 6.91 6.46 5.52 5.45 73 7.86 7.09 7.08 6.64 5.56 5.49 74 8.16 7.36 7.25 6.83 5.59 5.54 75 8.47 7.65 7.42 7.02 5.62 5.57 76 8.82 7.97 7.59 7.22 5.64 5.61 77 9.18 8.31 7.77 7.41 5.67 5.64 78 9.57 8.69 7.94 7.61 5.68 5.66 79 9.99 9.09 8.11 7.81 5.70 5.68 80 10.43 9.53 8.27 8.00 5.71 5.70 81 10.91 10.00 8.43 8.19 5.72 5.71 82 11.42 10.51 8.58 8.38 5.73 5.72 83 11.96 11.07 8.72 8.55 5.74 5.73 84 12.53 11.67 8.85 8.71 5.74 5.74 85 13.15 12.31 8.98 8.86 5.75 5.74 AS-993 (12/10) 24 OPTION 2V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ 55 60 65 70 75 80 85 55 4.09 4.25 4.40 4.52 4.62 4.69 4.74 60 4.20 4.42 4.64 4.84 5.00 5.13 5.21 65 4.29 4.56 4.87 5.17 5.45 5.67 5.83 70 4.35 4.68 5.07 5.49 5.92 6.30 6.60 75 4.40 4.77 5.23 5.78 6.38 6.99 7.50 80 4.43 4.83 5.34 6.00 6.79 7.66 8.50 85 4.45 4.87 5.42 6.15 7.10 8.25 9.49 OPTION 3V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ 55 60 65 70 75 80 85 55 4.08 4.25 4.40 4.52 4.61 4.68 4.71 60 4.19 4.41 4.63 4.83 4.99 5.10 5.16 65 4.28 4.56 4.86 5.15 5.41 5.61 5.73 70 4.35 4.68 5.05 5.46 5.86 6.18 6.40 75 4.39 4.76 5.20 5.72 6.27 6.76 7.11 80 4.42 4.81 5.30 5.91 6.60 7.26 7.77 85 4.44 4.84 5.36 6.03 6.82 7.63 8.29 OPTION 3V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ 55 60 65 70 75 80 85 55 4.07 4.22 4.36 4.45 4.51 4.53 4.54 60 4.17 4.38 4.56 4.71 4.80 4.84 4.85 65 4.25 4.50 4.74 4.95 5.08 5.14 5.17 70 4.30 4.58 4.88 5.14 5.31 5.40 5.43 75 4.32 4.63 4.96 5.25 5.46 5.57 5.61 80 4.34 4.65 4.99 5.31 5.54 5.66 5.70 85 4.34 4.66 5.00 5.33 5.57 5.69 5.74 AS-993 (12/10) 25 OPTION 5V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. PAYMENTS FOR A SPECIFIED PERIOD NUMBER OF MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT --------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 (12/10) 26 SUNAMERICA ANNUITY AND LIFE ASSURANCE COMPANY A STOCK COMPANY LOS ANGELES, CALIFORNIA INDIVIDUAL FIXED AND VARIABLE ANNUITY CONTRACT Nonparticipating AS-993 (12/10)
Appears in 1 contract
Samples: Variable Separate Account
ANNUITY INCOME PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Contract to Us at Our Annuity Service Center, the Contract Value may be applied to provide one of the following annuity income payment options or any annuity income payment option that is mutually agreeable. Prior to the Annuity Date but not before the Earliest Annuity Date After The Contract Date shown on the Contract Data Page, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed; for Joint Owners, You will automatically receive Option 3, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further annuity income payments are payable after the death of the Annuitant. OPTIONS 2 & 2V - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further annuity income payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V - JOINT AND SURVIVOR LIFE ANNUITY - WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, annuity income payments have been made for less than 120 or 240 monthly periods, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at the death of the survivor, annuity income payments have been made for at least 120 or 240 monthly periods, as selected at the time of annuitization, no further annuity income payments will be made. OPTIONS 4 & 4V - LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, annuity income payments have been made for less than the 120 or 240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at death of the Annuitant, annuity income payments have been made for at least 120 or 240 monthly periods, no further payments will be made. OPTIONS 5 & 5V - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant during the specified period of time, any remaining annuity income payments will be continued to the Beneficiary. If the Annuitant dies after the end of the specific period of time, no further annuity income payments will be made. If Variable Annuity Income Payments are elected under this Annuity Income Payment Option, any remaining guaranteed Variable Annuity Income Payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if Your Contract was fully withdrawn. AS-993 (12/10) 20 FIXED ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with a guaranteed interest rate of [1.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Fixed Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 4 OPTION 4 LIFE ANNUITY LIFE ANNUITY AGE OF OPTION 1 (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) MALE FEMALE MALE FEMALE MALE FEMALE 55 3.68 3.38 3.64 3.35 3.48 3.27 56 3.77 3.46 3.73 3.43 3.55 3.34 57 3.87 3.54 3.82 3.51 3.62 3.40 58 3.98 3.63 3.92 3.60 3.69 3.47 59 4.09 3.73 4.02 3.69 3.76 3.54 60 4.21 3.83 4.13 3.78 3.83 3.62 61 4.34 3.93 4.24 3.89 3.90 3.69 62 4.47 4.05 4.36 3.99 3.97 3.77 63 4.62 4.17 4.49 4.10 4.04 3.84 64 4.77 4.30 4.62 4.22 4.10 3.92 65 4.93 4.44 4.76 4.35 4.17 4.00 66 5.11 4.58 4.90 4.48 4.24 4.07 67 5.30 4.74 5.05 4.62 4.30 4.15 68 5.49 4.91 5.20 4.76 4.36 4.22 69 5.71 5.09 5.36 4.92 4.41 4.29 70 5.93 5.29 5.53 5.08 4.47 4.36 71 6.17 5.50 5.70 5.25 4.51 4.42 72 6.43 5.73 5.87 5.43 4.56 4.48 73 6.70 5.98 6.05 5.62 4.60 4.53 74 6.99 6.24 6.23 5.81 4.63 4.58 75 7.31 6.53 6.41 6.01 4.67 4.62 76 7.64 6.84 6.59 6.21 4.69 4.65 77 8.00 7.18 6.78 6.41 4.72 4.69 78 8.38 7.55 6.96 6.62 4.74 4.71 79 8.79 7.94 7.13 6.83 4.75 4.74 80 9.23 8.37 7.31 7.03 4.77 4.75 81 9.70 8.84 7.47 7.23 4.78 4.77 82 10.20 9.34 7.63 7.42 4.79 4.78 83 10.73 9.88 7.78 7.60 4.80 4.79 84 11.30 10.47 7.93 7.77 4.80 4.80 85 11.90 11.10 8.06 7.93 4.81 4.80 AS-993 (12/10) 21 OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.54 3.60 3.64 60 3.12 3.36 3.59 3.78 3.94 4.05 4.12 65 3.21 3.51 3.83 4.13 4.40 4.61 4.75 70 3.27 3.63 4.03 4.46 4.89 5.26 5.53 75 3.32 3.70 4.18 4.74 5.35 5.95 6.45 80 3.34 3.76 4.29 4.95 5.75 6.62 7.45 85 3.36 3.79 4.35 5.09 6.05 7.20 8.44 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.53 3.59 3.62 60 3.12 3.36 3.58 3.78 3.93 4.03 4.09 65 3.21 3.51 3.82 4.12 4.38 4.56 4.67 70 3.27 3.62 4.02 4.44 4.84 5.16 5.36 75 3.31 3.70 4.16 4.70 5.26 5.76 6.11 80 3.33 3.74 4.25 4.88 5.59 6.28 6.80 85 3.35 3.77 4.31 4.99 5.81 6.66 7.35 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.00 3.16 3.30 3.39 3.45 3.47 3.48 60 3.11 3.33 3.53 3.68 3.77 3.81 3.82 65 3.18 3.46 3.72 3.94 4.08 4.15 4.17 70 3.23 3.54 3.86 4.14 4.33 4.43 4.46 75 3.26 3.59 3.94 4.27 4.50 4.62 4.66 80 3.27 3.61 3.98 4.33 4.58 4.71 4.76 85 3.27 3.62 3.99 4.35 4.61 4.75 4.80 AS-993 (12/10) 22 OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. FIXED PAYMENT FOR SPECIFIED PERIOD NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 (12/10) 23 VARIABLE ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with an effective annual Assumed Investment Rate of [3.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Variable Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1V & 4V - TABLE OF MONTHLY INSTALLMENTS PER $1,000 (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1V OPTION 4V OPTION 4V LIFE ANNUITY LIFE ANNUITY AGE OF (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) MALE FEMALE MALE FEMALE MALE FEMALE 55 4.80 4.48 4.74 4.45 4.54 4.34 56 4.89 4.56 4.82 4.52 4.60 4.40 57 4.99 4.64 4.91 4.60 4.67 4.46 58 5.09 4.73 5.01 4.68 4.73 4.53 59 5.21 4.82 5.11 4.77 4.79 4.59 60 5.33 4.92 5.21 4.86 4.86 4.66 61 5.45 5.03 5.32 4.96 4.92 4.73 62 5.59 5.14 5.44 5.06 4.98 4.80 63 5.73 5.26 5.56 5.17 5.05 4.87 64 5.89 5.39 5.69 5.29 5.11 4.94 65 6.06 5.53 5.83 5.41 5.17 5.01 66 6.24 5.68 5.97 5.54 5.23 5.08 67 6.43 5.84 6.11 5.67 5.29 5.14 68 6.63 6.01 6.26 5.82 5.34 5.21 69 6.84 6.19 6.42 5.97 5.39 5.28 70 7.07 6.39 6.57 6.12 5.44 5.34 71 7.32 6.60 6.74 6.29 5.48 5.39 72 7.58 6.84 6.91 6.46 5.52 5.45 73 7.86 7.09 7.08 6.64 5.56 5.49 74 8.16 7.36 7.25 6.83 5.59 5.54 75 8.47 7.65 7.42 7.02 5.62 5.57 76 8.82 7.97 7.59 7.22 5.64 5.61 77 9.18 8.31 7.77 7.41 5.67 5.64 78 9.57 8.69 7.94 7.61 5.68 5.66 79 9.99 9.09 8.11 7.81 5.70 5.68 80 10.43 9.53 8.27 8.00 5.71 5.70 81 10.91 10.00 8.43 8.19 5.72 5.71 82 11.42 10.51 8.58 8.38 5.73 5.72 83 11.96 11.07 8.72 8.55 5.74 5.73 84 12.53 11.67 8.85 8.71 5.74 5.74 85 13.15 12.31 8.98 8.86 5.75 5.74 AS-993 (12/10) 24 OPTION 2V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ 55 60 65 70 75 80 85 55 4.09 4.25 4.40 4.52 4.62 4.69 4.74 60 4.20 4.42 4.64 4.84 5.00 5.13 5.21 65 4.29 4.56 4.87 5.17 5.45 5.67 5.83 70 4.35 4.68 5.07 5.49 5.92 6.30 6.60 75 4.40 4.77 5.23 5.78 6.38 6.99 7.50 80 4.43 4.83 5.34 6.00 6.79 7.66 8.50 85 4.45 4.87 5.42 6.15 7.10 8.25 9.49 OPTION 3V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ 55 60 65 70 75 80 85 55 4.08 4.25 4.40 4.52 4.61 4.68 4.71 60 4.19 4.41 4.63 4.83 4.99 5.10 5.16 65 4.28 4.56 4.86 5.15 5.41 5.61 5.73 70 4.35 4.68 5.05 5.46 5.86 6.18 6.40 75 4.39 4.76 5.20 5.72 6.27 6.76 7.11 80 4.42 4.81 5.30 5.91 6.60 7.26 7.77 85 4.44 4.84 5.36 6.03 6.82 7.63 8.29 OPTION 3V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ 55 60 65 70 75 80 85 55 4.07 4.22 4.36 4.45 4.51 4.53 4.54 60 4.17 4.38 4.56 4.71 4.80 4.84 4.85 65 4.25 4.50 4.74 4.95 5.08 5.14 5.17 70 4.30 4.58 4.88 5.14 5.31 5.40 5.43 75 4.32 4.63 4.96 5.25 5.46 5.57 5.61 80 4.34 4.65 4.99 5.31 5.54 5.66 5.70 85 4.34 4.66 5.00 5.33 5.57 5.69 5.74 AS-993 (12/10) 25 OPTION 5V - TABLE OF MONTHLY INSTALLMENTS PER $1,000. PAYMENTS FOR A SPECIFIED PERIOD NUMBER OF MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT --------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 (12/10) 26 SUNAMERICA ANNUITY AND AMERICAN GENERAL LIFE ASSURANCE INSURANCE COMPANY A STOCK COMPANY LOS ANGELES, CALIFORNIA INDIVIDUAL FIXED AND VARIABLE ANNUITY CONTRACT Nonparticipating AS-993 (12/10)
Appears in 1 contract
Samples: Variable Separate Account
ANNUITY INCOME PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Contract to Us at Our Annuity Service Center, the Contract Value may be applied to provide one of the following annuity income payment options or any annuity income payment option that is mutually agreeable. Prior to the Annuity Date but not before the Earliest Annuity Date After The Contract Date shown on the Contract Data Page, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed; for Joint Owners, You will automatically receive Option 3, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further annuity income payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further annuity income payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY - WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, annuity income payments have been made for less than 120 or 240 monthly periods, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at the death of the survivor, annuity income payments have been made for at least 120 or 240 monthly periods, as selected at the time of annuitization, no further annuity income payments will be made. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, annuity income payments have been made for less than the 120 or 240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at death of the Annuitant, annuity income payments have been made for at least 120 or 240 monthly periods, no further payments will be made. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant during the specified period of time, any remaining annuity income payments will be continued to the Beneficiary. If the Annuitant dies after the end of the specific period of time, no further annuity income payments will be made. If Variable Annuity Income Payments are elected under this Annuity Income Payment Option, any remaining guaranteed Variable Annuity Income Payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if Your Contract was fully withdrawn. AS-993 FS-995 (12/10) 20 FIXED ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with a guaranteed interest rate of [1.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Fixed Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 4 OPTION 4 LIFE ANNUITY LIFE ANNUITY AGE OF OPTION 1 (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT AGE OF LIFE ANNUITY GUARANTEED) GUARANTEED) ANNUITANT MALE FEMALE MALE FEMALE MALE FEMALE 55 3.68 3.38 3.64 3.35 3.48 3.27 56 3.77 3.46 3.73 3.43 3.55 3.34 57 3.87 3.54 3.82 3.51 3.62 3.40 58 3.98 3.63 3.92 3.60 3.69 3.47 59 4.09 3.73 4.02 3.69 3.76 3.54 60 4.21 3.83 4.13 3.78 3.83 3.62 61 4.34 3.93 4.24 3.89 3.90 3.69 62 4.47 4.05 4.36 3.99 3.97 3.77 63 4.62 4.17 4.49 4.10 4.04 3.84 64 4.77 4.30 4.62 4.22 4.10 3.92 65 4.93 4.44 4.76 4.35 4.17 4.00 66 5.11 4.58 4.90 4.48 4.24 4.07 67 5.30 4.74 5.05 4.62 4.30 4.15 68 5.49 4.91 5.20 4.76 4.36 4.22 69 5.71 5.09 5.36 4.92 4.41 4.29 70 5.93 5.29 5.53 5.08 4.47 4.36 71 6.17 5.50 5.70 5.25 4.51 4.42 72 6.43 5.73 5.87 5.43 4.56 4.48 73 6.70 5.98 6.05 5.62 4.60 4.53 74 6.99 6.24 6.23 5.81 4.63 4.58 75 7.31 6.53 6.41 6.01 4.67 4.62 76 7.64 6.84 6.59 6.21 4.69 4.65 77 8.00 7.18 6.78 6.41 4.72 4.69 78 8.38 7.55 6.96 6.62 4.74 4.71 79 8.79 7.94 7.13 6.83 4.75 4.74 80 9.23 8.37 7.31 7.03 4.77 4.75 81 9.70 8.84 7.47 7.23 4.78 4.77 82 10.20 9.34 7.63 7.42 4.79 4.78 83 10.73 9.88 7.78 7.60 4.80 4.79 84 11.30 10.47 7.93 7.77 4.80 4.80 85 11.90 11.10 8.06 7.93 4.81 4.80 AS-993 FS-995 (12/10) 21 22 OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- ------------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.54 3.60 3.64 60 3.12 3.36 3.59 3.78 3.94 4.05 4.12 65 3.21 3.51 3.83 4.13 4.40 4.61 4.75 70 3.27 3.63 4.03 4.46 4.89 5.26 5.53 75 3.32 3.70 4.18 4.74 5.35 5.95 6.45 80 3.34 3.76 4.29 4.95 5.75 6.62 7.45 85 3.36 3.79 4.35 5.09 6.05 7.20 8.44 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- ------------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.01 3.18 3.33 3.45 3.53 3.59 3.62 60 3.12 3.36 3.58 3.78 3.93 4.03 4.09 65 3.21 3.51 3.82 4.12 4.38 4.56 4.67 70 3.27 3.62 4.02 4.44 4.84 5.16 5.36 75 3.31 3.70 4.16 4.70 5.26 5.76 6.11 80 3.33 3.74 4.25 4.88 5.59 6.28 6.80 85 3.35 3.77 4.31 4.99 5.81 6.66 7.35 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- ------------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 3.00 3.16 3.30 3.39 3.45 3.47 3.48 60 3.11 3.33 3.53 3.68 3.77 3.81 3.82 65 3.18 3.46 3.72 3.94 4.08 4.15 4.17 70 3.23 3.54 3.86 4.14 4.33 4.43 4.46 75 3.26 3.59 3.94 4.27 4.50 4.62 4.66 80 3.27 3.61 3.98 4.33 4.58 4.71 4.76 85 3.27 3.62 3.99 4.35 4.61 4.75 4.80 AS-993 FS-995 (12/10) 22 23 OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. FIXED PAYMENT FOR SPECIFIED PERIOD NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 FS-995 (12/10) 23 VARIABLE ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with an effective annual Assumed Investment Rate of [3.50%], % with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Variable Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1V 1v& 4V 4v - TABLE OF MONTHLY INSTALLMENTS PER $1,000 (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1V 4v OPTION 4V OPTION 4V 4v LIFE ANNUITY LIFE ANNUITY AGE OF OPTION 1v (W/120 PAYMENTS (W/240 PAYMENTS ANNUITANT AGE OF LIFE ANNUITY GUARANTEED) GUARANTEED) ANNUITANT MALE FEMALE MALE FEMALE MALE FEMALE 55 4.80 4.48 4.74 4.45 4.54 4.34 56 4.89 4.56 4.82 4.52 4.60 4.40 57 4.99 4.64 4.91 4.60 4.67 4.46 58 5.09 4.73 5.01 4.68 4.73 4.53 59 5.21 4.82 5.11 4.77 4.79 4.59 60 5.33 4.92 5.21 4.86 4.86 4.66 61 5.45 5.03 5.32 4.96 4.92 4.73 62 5.59 5.14 5.44 5.06 4.98 4.80 63 5.73 5.26 5.56 5.17 5.05 4.87 64 5.89 5.39 5.69 5.29 5.11 4.94 65 6.06 5.53 5.83 5.41 5.17 5.01 66 6.24 5.68 5.97 5.54 5.23 5.08 67 6.43 5.84 6.11 5.67 5.29 5.14 68 6.63 6.01 6.26 5.82 5.34 5.21 69 6.84 6.19 6.42 5.97 5.39 5.28 70 7.07 6.39 6.57 6.12 5.44 5.34 71 7.32 6.60 6.74 6.29 5.48 5.39 72 7.58 6.84 6.91 6.46 5.52 5.45 73 7.86 7.09 7.08 6.64 5.56 5.49 74 8.16 7.36 7.25 6.83 5.59 5.54 75 8.47 7.65 7.42 7.02 5.62 5.57 76 8.82 7.97 7.59 7.22 5.64 5.61 77 9.18 8.31 7.77 7.41 5.67 5.64 78 9.57 8.69 7.94 7.61 5.68 5.66 79 9.99 9.09 8.11 7.81 5.70 5.68 80 10.43 9.53 8.27 8.00 5.71 5.70 81 10.91 10.00 8.43 8.19 5.72 5.71 82 11.42 10.51 8.58 8.38 5.73 5.72 83 11.96 11.07 8.72 8.55 5.74 5.73 84 12.53 11.67 8.85 8.71 5.74 5.74 85 13.15 12.31 8.98 8.86 5.75 5.74 AS-993 FS-995 (12/10) 24 25 OPTION 2V 2v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 4.09 4.25 4.40 4.52 4.62 4.69 4.74 60 4.20 4.42 4.64 4.84 5.00 5.13 5.21 65 4.29 4.56 4.87 5.17 5.45 5.67 5.83 70 4.35 4.68 5.07 5.49 5.92 6.30 6.60 75 4.40 4.77 5.23 5.78 6.38 6.99 7.50 80 4.43 4.83 5.34 6.00 6.79 7.66 8.50 85 4.45 4.87 5.42 6.15 7.10 8.25 9.49 OPTION 3V 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 4.08 4.25 4.40 4.52 4.61 4.68 4.71 60 4.19 4.41 4.63 4.83 4.99 5.10 5.16 65 4.28 4.56 4.86 5.15 5.41 5.61 5.73 70 4.35 4.68 5.05 5.46 5.86 6.18 6.40 75 4.39 4.76 5.20 5.72 6.27 6.76 7.11 80 4.42 4.81 5.30 5.91 6.60 7.26 7.77 85 4.44 4.84 5.36 6.03 6.82 7.63 8.29 OPTION 3V 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------- 55 60 65 70 75 80 85 55 4.07 4.22 4.36 4.45 4.51 4.53 4.54 60 4.17 4.38 4.56 4.71 4.80 4.84 4.85 65 4.25 4.50 4.74 4.95 5.08 5.14 5.17 70 4.30 4.58 4.88 5.14 5.31 5.40 5.43 75 4.32 4.63 4.96 5.25 5.46 5.57 5.61 80 4.34 4.65 4.99 5.31 5.54 5.66 5.70 85 4.34 4.66 5.00 5.33 5.57 5.69 5.74 AS-993 FS-995 (12/10) 25 26 OPTION 5V 5v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. PAYMENTS FOR A SPECIFIED PERIOD NUMBER OF MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT --------- -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 FS-995 (12/10) 26 FIRST SUNAMERICA ANNUITY AND LIFE ASSURANCE INSURANCE COMPANY A STOCK COMPANY LOS ANGELESNEW YORK, CALIFORNIA NEW YORK INDIVIDUAL FIXED AND VARIABLE ANNUITY CONTRACT Nonparticipating AS-993 FS-995 (12/10)
Appears in 1 contract
Samples: Fs Variable Separate Account
ANNUITY INCOME PAYMENT OPTIONS. During the Annuitant's life, upon written election and the return of this Contract to Us at Our Annuity Service Center, the Contract Value may be applied to provide one of the following annuity income payment options or any annuity income payment option that is mutually agreeable. Prior to the Annuity Date but not before the Earliest Annuity Date After The Contract Date shown on the Contract Data Page, You can choose one of the options described below. If no option has been selected by the Annuity Date, You will automatically receive option 4, below, with 120 monthly payments guaranteed; for Joint Owners, You will automatically receive Option 3, below, with 120 monthly payments guaranteed. OPTIONS 1 & 1V 1v - LIFE ANNUITY, LIFETIME PAYMENTS GUARANTEED Payments payable to a Payee during the lifetime of the Annuitant. No further annuity income payments are payable after the death of the Annuitant. OPTIONS 2 & 2V 2v - JOINT AND SURVIVOR LIFE ANNUITY Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. No further annuity income payments are payable after the deaths of both the Annuitant and the designated second person. OPTIONS 3 & 3V 3v - JOINT AND SURVIVOR LIFE ANNUITY - WITH 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant and during the lifetime of a designated second person. If, at the death of the survivor, annuity income payments have been made for less than 120 or 240 monthly periods, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at the death of the survivor, annuity income payments have been made for at least 120 or 240 monthly periods, as selected at the time of annuitization, no further annuity income payments will be made. OPTIONS 4 & 4V 4v - LIFE ANNUITY WITH - 120 OR 240 MONTHLY PAYMENTS GUARANTEED Payments payable to the Payee during the lifetime of the Annuitant. If, at the death of the Annuitant, annuity income payments have been made for less than the 120 or 240 monthly periods, as selected at the time of annuitization, the remaining guaranteed annuity income payments will be continued to the Beneficiary. If, at death of the Annuitant, annuity income payments have been made for at least 120 or 240 monthly periods, no further payments will be made. OPTIONS 5 & 5V 5v - FIXED PAYMENTS FOR A SPECIFIED PERIOD CERTAIN Payments payable to the Payee for any specified period of time for five (5) years or more, but not exceeding thirty (30) years, as selected at the time of annuitization. The selection must be made for full twelve month periods. In the event of death of the Annuitant during the specified period of time, any remaining annuity income payments will be continued to the Beneficiary. If the Annuitant dies after the end of the specific period of time, no further annuity income payments will be made. If Variable Annuity Income Payments are elected under this Annuity Income Payment Option, any remaining guaranteed Variable Annuity Income Payments may be redeemed for a discounted value determined by Us. Any applicable Withdrawal Charges will be deducted from the discounted value as if Your Contract was fully withdrawn. AS-993 FS-993-PPS9 (12/10) 20 FIXED ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with a guaranteed interest rate of [1.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Fixed Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1 & 4 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1 OPTION 4 OPTION 4 LIFE ANNUITY LIFE ANNUITY AGE OF OPTION 1 (W/120 w/120 PAYMENTS (W/240 w/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) AGE OF ------------------ ---------------- ----------------- ANNUITANT MALE FEMALE MALE FEMALE MALE FEMALE --------- ---- ------ ---- ------ ---- ------ 55 3.68 3.38 3.64 3.35 3.48 3.27 56 3.77 3.46 3.73 3.43 3.55 3.34 57 3.87 3.54 3.82 3.51 3.62 3.40 58 3.98 3.63 3.92 3.60 3.69 3.47 59 4.09 3.73 4.02 3.69 3.76 3.54 60 4.21 3.83 4.13 3.78 3.83 3.62 61 4.34 3.93 4.24 3.89 3.90 3.69 62 4.47 4.05 4.36 3.99 3.97 3.77 63 4.62 4.17 4.49 4.10 4.04 3.84 64 4.77 4.30 4.62 4.22 4.10 3.92 65 4.93 4.44 4.76 4.35 4.17 4.00 66 5.11 4.58 4.90 4.48 4.24 4.07 67 5.30 4.74 5.05 4.62 4.30 4.15 68 5.49 4.91 5.20 4.76 4.36 4.22 69 5.71 5.09 5.36 4.92 4.41 4.29 70 5.93 5.29 5.53 5.08 4.47 4.36 71 6.17 5.50 5.70 5.25 4.51 4.42 72 6.43 5.73 5.87 5.43 4.56 4.48 73 6.70 5.98 6.05 5.62 4.60 4.53 74 6.99 6.24 6.23 5.81 4.63 4.58 75 7.31 6.53 6.41 6.01 4.67 4.62 76 7.64 6.84 6.59 6.21 4.69 4.65 77 8.00 7.18 6.78 6.41 4.72 4.69 78 8.38 7.55 6.96 6.62 4.74 4.71 79 8.79 7.94 7.13 6.83 4.75 4.74 80 9.23 8.37 7.31 7.03 4.77 4.75 81 9.70 8.84 7.47 7.23 4.78 4.77 82 10.20 9.34 7.63 7.42 4.79 4.78 83 10.73 9.88 7.78 7.60 4.80 4.79 84 11.30 10.47 7.93 7.77 4.80 4.80 85 11.90 11.10 8.06 7.93 4.81 4.80 AS-993 FS-993-PPS9 (12/10) 21 OPTION 2 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- ------------------------------------------------------------------------------ 55 60 65 70 75 80 85 ---- ---- ---- ---- ---- ---- ---- 55 3.01 3.18 3.33 3.45 3.54 3.60 3.64 60 3.12 3.36 3.59 3.78 3.94 4.05 4.12 65 3.21 3.51 3.83 4.13 4.40 4.61 4.75 70 3.27 3.63 4.03 4.46 4.89 5.26 5.53 75 3.32 3.70 4.18 4.74 5.35 5.95 6.45 80 3.34 3.76 4.29 4.95 5.75 6.62 7.45 85 3.36 3.79 4.35 5.09 6.05 7.20 8.44 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/120 w/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- ------------------------------------------------------------------------------ 55 60 65 70 75 80 85 ---- ---- ---- ---- ---- ---- ---- 55 3.01 3.18 3.33 3.45 3.53 3.59 3.62 60 3.12 3.36 3.58 3.78 3.93 4.03 4.09 65 3.21 3.51 3.82 4.12 4.38 4.56 4.67 70 3.27 3.62 4.02 4.44 4.84 5.16 5.36 75 3.31 3.70 4.16 4.70 5.26 5.76 6.11 80 3.33 3.74 4.25 4.88 5.59 6.28 6.80 85 3.35 3.77 4.31 4.99 5.81 6.66 7.35 OPTION 3 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT & 100% SURVIVOR LIFE ANNUITY (W/240 w/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ----------------------------------------------------------------------------------- ------------------------------------------------------------------------------ 55 60 65 70 75 80 85 ---- ---- ---- ---- ---- ---- ---- 55 3.00 3.16 3.30 3.39 3.45 3.47 3.48 60 3.11 3.33 3.53 3.68 3.77 3.81 3.82 65 3.18 3.46 3.72 3.94 4.08 4.15 4.17 70 3.23 3.54 3.86 4.14 4.33 4.43 4.46 75 3.26 3.59 3.94 4.27 4.50 4.62 4.66 80 3.27 3.61 3.98 4.33 4.58 4.71 4.76 85 3.27 3.62 3.99 4.35 4.61 4.75 4.80 AS-993 FS-993-PPS9 (12/10) 22 OPTION 5 - TABLE OF MONTHLY INSTALLMENTS PER $1,000. FIXED PAYMENT FOR SPECIFIED PERIOD NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 FS-993-PPS9 (12/10) 23 VARIABLE ANNUITY INCOME PAYMENT OPTIONS TABLE BASIS OF COMPUTATION The actuarial basis for the Table of Annuity Rates is the Annuity 2000 Mortality Table with an effective annual Assumed Investment Rate of [3.50%], with quinquennial age setbacks. For every five years that the Contract has been in effect at the time of annuitization, the Annuitant's age will be set back by one year to determine the applicable factors. The Variable Annuity Income Payment Options Table does not include any applicable premium tax. OPTIONS 1V 1v& 4V 4v - TABLE OF MONTHLY INSTALLMENTS PER $1,000 (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) OPTION 1V 1v OPTION 4V 4v OPTION 4V 4v LIFE ANNUITY LIFE ANNUITY AGE OF (W/120 w/120 PAYMENTS (W/240 w/240 PAYMENTS ANNUITANT LIFE ANNUITY GUARANTEED) GUARANTEED) AGE OF ------------------- ------------------ ---------------- ANNUITANT MALE FEMALE MALE FEMALE MALE FEMALE --------- ---- ------ ---- ------ ---- ------ 55 4.80 4.48 4.74 4.45 4.54 4.34 56 4.89 4.56 4.82 4.52 4.60 4.40 57 4.99 4.64 4.91 4.60 4.67 4.46 58 5.09 4.73 5.01 4.68 4.73 4.53 59 5.21 4.82 5.11 4.77 4.79 4.59 60 5.33 4.92 5.21 4.86 4.86 4.66 61 5.45 5.03 5.32 4.96 4.92 4.73 62 5.59 5.14 5.44 5.06 4.98 4.80 63 5.73 5.26 5.56 5.17 5.05 4.87 64 5.89 5.39 5.69 5.29 5.11 4.94 65 6.06 5.53 5.83 5.41 5.17 5.01 66 6.24 5.68 5.97 5.54 5.23 5.08 67 6.43 5.84 6.11 5.67 5.29 5.14 68 6.63 6.01 6.26 5.82 5.34 5.21 69 6.84 6.19 6.42 5.97 5.39 5.28 70 7.07 6.39 6.57 6.12 5.44 5.34 71 7.32 6.60 6.74 6.29 5.48 5.39 72 7.58 6.84 6.91 6.46 5.52 5.45 73 7.86 7.09 7.08 6.64 5.56 5.49 74 8.16 7.36 7.25 6.83 5.59 5.54 75 8.47 7.65 7.42 7.02 5.62 5.57 76 8.82 7.97 7.59 7.22 5.64 5.61 77 9.18 8.31 7.77 7.41 5.67 5.64 78 9.57 8.69 7.94 7.61 5.68 5.66 79 9.99 9.09 8.11 7.81 5.70 5.68 80 10.43 9.53 8.27 8.00 5.71 5.70 81 10.91 10.00 8.43 8.19 5.72 5.71 82 11.42 10.51 8.58 8.38 5.73 5.72 83 11.96 11.07 8.72 8.55 5.74 5.73 84 12.53 11.67 8.85 8.71 5.74 5.74 85 13.15 12.31 8.98 8.86 5.75 5.74 AS-993 FS-993-PPS9 (12/10) 24 OPTION 2V 2v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST.) JOINT & 100% SURVIVOR LIFE ANNUITY AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------ 55 60 65 70 75 80 85 ---- ---- ---- ---- ---- ---- ---- 55 4.09 4.25 4.40 4.52 4.62 4.69 4.74 60 4.20 4.42 4.64 4.84 5.00 5.13 5.21 65 4.29 4.56 4.87 5.17 5.45 5.67 5.83 70 4.35 4.68 5.07 5.49 5.92 6.30 6.60 75 4.40 4.77 5.23 5.78 6.38 6.99 7.50 80 4.43 4.83 5.34 6.00 6.79 7.66 8.50 85 4.45 4.87 5.42 6.15 7.10 8.25 9.49 OPTION 3V 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/120 w/120 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------ 55 60 65 70 75 80 85 ---- ---- ---- ---- ---- ---- ---- 55 4.08 4.25 4.40 4.52 4.61 4.68 4.71 60 4.19 4.41 4.63 4.83 4.99 5.10 5.16 65 4.28 4.56 4.86 5.15 5.41 5.61 5.73 70 4.35 4.68 5.05 5.46 5.86 6.18 6.40 75 4.39 4.76 5.20 5.72 6.27 6.76 7.11 80 4.42 4.81 5.30 5.91 6.60 7.26 7.77 85 4.44 4.84 5.36 6.03 6.82 7.63 8.29 OPTION 3V 3v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. (MONTHLY INSTALLMENTS FOR AGES NOT SHOWN WILL BE FURNISHED UPON REQUEST) JOINT AND 100% SURVIVOR LIFE ANNUITY (W/240 w/240 PAYMENTS GUARANTEED) AGE OF MALE ANNUITANT AGE OF FEMALE ANNUITANT --------- ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------ 55 60 65 70 75 80 85 ---- ---- ---- ---- ---- ---- ---- 55 4.07 4.22 4.36 4.45 4.51 4.53 4.54 60 4.17 4.38 4.56 4.71 4.80 4.84 4.85 65 4.25 4.50 4.74 4.95 5.08 5.14 5.17 70 4.30 4.58 4.88 5.14 5.31 5.40 5.43 75 4.32 4.63 4.96 5.25 5.46 5.57 5.61 80 4.34 4.65 4.99 5.31 5.54 5.66 5.70 85 4.34 4.66 5.00 5.33 5.57 5.69 5.74 AS-993 FS-993-PPS9 (12/10) 25 OPTION 5V 5v - TABLE OF MONTHLY INSTALLMENTS PER $1,000. PAYMENTS FOR A SPECIFIED PERIOD NUMBER OF MONTHLY NUMBER MONTHLY NUMBER MONTHLY NUMBER MONTHLY OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT OF YEARS PAYMENT --------- -------- ------- -------- ------- -------- ------- -------- ------- 10 8.96 17 5.55 24 4.13 11 8.21 18 5.27 25 3.99 5 17.28 12 7.58 19 5.03 26 3.86 6 14.51 13 7.05 20 4.81 27 3.75 7 12.53 14 6.59 21 4.62 28 3.64 8 11.04 15 6.20 22 4.44 29 3.54 9 9.89 16 5.85 23 4.28 30 3.44 AS-993 FS-993-PPS9 (12/10) 26 FIRST SUNAMERICA ANNUITY AND LIFE ASSURANCE INSURANCE COMPANY A STOCK COMPANY LOS ANGELESNEW YORK, CALIFORNIA NEW YORK INDIVIDUAL FIXED AND VARIABLE ANNUITY CONTRACT Nonparticipating AS-993 FS-993-PPS9 (12/10)
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Samples: Fs Variable Separate Account
