ANNUITY PAYMENT OPTION. One of several ways in which the Accumulated Value of this Contract can be paid. Under a Fixed Annuity Option, the dollar amount of each Annuity Payment does not change over time. Under a Variable Annuity Option, the dollar amount of each Annuity Payment may change over time, depending upon the investment experience of the underlying portfolio or portfolios you choose. Annuity Payments are based on the Contract’s Accumulated Value as of 10 Business Days prior to the Annuity Date. Unit of measure used to calculate Variable Annuity Payments.
Appears in 6 contracts
Samples: Variable Annuity Contract (Separate Account Va Cc), Variable Annuity Contract (Separate Account Va Cc), Variable Annuity Contract (Separate Account Va Cc)
