Betterment of Rates. The amount used to purchase any single premium consideration immediate annuity contract offered by the Company will be equal to cash surrender value of this Contract. Annuity benefits at the time of their consideration will not be less than those that would have been provided to another applicant in the same rating class of annuitants.
Appears in 4 contracts
Samples: Variable Annuity 1 Series Account, Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co, Variable Annuity I Ser Acc of Fir GRT West Li & Annu Ins Co
Betterment of Rates. The amount used to purchase any single premium consideration immediate annuity contract offered by the Company will be equal to cash surrender value of this Contract. Annuity benefits at the time of their consideration will not be less than those that would have been provided to another applicant in the same rating class of annuitants. Neither expenses the Company actually incurred, other than taxes on the investment return, nor mortality actually experienced shall adversely affect the dollar amount of variable annuity payments after such payments have commenced.
Appears in 1 contract
Samples: Variable Annuity I Ser Acc of GRT West Li & Annu Ins Co of Ny
