BASIS OF ANNUITY CONVERSION FACTORS. (a) Guaranteed Annuities - The maximum Annuity Conversion Factors that may be used by Lincoln Life under this Contract are based on the 1983 Individual Annuity Mortality Table, set back four (4) years, and an interest rate of three percent (3.0%). From time to time, lower conversion factors may be used by Lincoln Life. (Lowering the conversion factor will increase the amount of the annuity payment.) (b) Variable Annuities - The Annuity Conversion Factors which are used to determine the initial payments are based on the 1983 Individual Annuity Mortality Table, set back four (4) years, and an interest rate in an integral percentage ranging from zero to six percent (0 to 6.00%) as selected by the Annuitant.
Appears in 3 contracts
Samples: Group Variable Annuity Contract (Lincoln National Variable Annuity Acct L GRP Var Annuity Ii), Group Variable Annuity Contract (Lincoln National Variable Annuity Acct L GRP Var Annuity Ii), Group Variable Annuity Contract (Lincoln National Variable Annuity Acct L GRP Var Annuity Ii)
BASIS OF ANNUITY CONVERSION FACTORS. (a) Guaranteed Annuities - The maximum Annuity Conversion Factors that may be used by Lincoln Life UNUM under this Contract are based on the 1983 Individual Annuity Mortality Table, set back four (4) years, and an interest rate of three percent (3.0%). From time to time, lower conversion factors may be used by Lincoln LifeUNUM. (Lowering the conversion factor will increase the amount of the annuity payment.)
(b) Variable Annuities - The Annuity Conversion Factors which are used to determine the initial payments are based on the 1983 Individual Annuity Mortality Table, set back four (4) years, and an interest rate in an integral percentage ranging from zero to six percent (0 to 6.00%) as selected by the Annuitant.
Appears in 2 contracts
Samples: Group Variable Annuity Contract (Va I Separate Account of Unum Life Ins Co of America), Group Variable Annuity Contract (Va I Separate Account of Unum Life Ins Co of America)
BASIS OF ANNUITY CONVERSION FACTORS. (a) Guaranteed Annuities - The maximum Annuity Conversion Factors that may be used by Lincoln Life UNUM under this Contract are based on the 1983 the1983 Individual Annuity Mortality Table, set back four (4) years, and an interest rate of three percent (3.0%). From time to time, lower conversion factors may be used by Lincoln LifeUNUM. (Lowering the conversion factor will increase the amount of the annuity payment.)
(b) Variable Annuities - The Annuity Conversion Factors which are used to determine the initial payments are based on the 1983 the1983 Individual Annuity Mortality Table, set back four (4) years, and an interest rate in an integral percentage ranging from zero to six percent (0 to 6.00%) as selected by the Annuitant.
Appears in 1 contract
Samples: Group Variable Annuity Contract (Va I Separate Account of Unum Life Ins Co of America)
