Common use of ANNUITY UNIT Clause in Contracts

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ANNUITY UNIT. An annuity unit is an accounting unit of measure measure. It is used to calculate the amount value of annuity payments under from the variable annuity optionsubaccounts on and after the retirement date.

Appears in 3 contracts

Samples: Deferred Annuity Contract (Acl Variable Annuity Account 2), Deferred Annuity Contract (Acl Variable Annuity Account 2), Deferred Annuity Contract (Acl Variable Annuity Account 2)

ANNUITY UNIT. An accounting A unit of measure used to calculate determine the amount of a Variable Annuity Payout after the first annuity payments under the variable annuity optionpayout.

Appears in 2 contracts

Samples: Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life), Flexible Premium Individual Deferred Annuity Contract (Separate Account N of Reliastar Life)

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ANNUITY UNIT. An accounting unit of measure used to calculate the amount value of annuity payments Annuity Payments under a variable Annuity Payment option. The annual investment return used to determine the initial variable annuity optionAnnuity Payment under this contract. One or more rates may be available for election at the Annuity Commencement Date.

Appears in 1 contract

Samples: Individual Variable Annuity Contract (Variable Annuity Account)

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