Common use of FIXED ANNUITIZATION Clause in Contracts

FIXED ANNUITIZATION. If a Fixed Annuitization has been elected, the Contract Value, less any applicable premium taxes, shall be applied to the payment of the fixed annuity payment option elected at rates which are at least equal to the annuity rates based upon the applicable tables in the Contract. In no event will the Fixed Annuitization be changed once it begins. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying the portion of the Contract Value allocated by You for Fixed Annuitization, less any applicable premium taxes, to the annuity table applicable to the fixed annuity payment option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS

Appears in 5 contracts

Samples: Fs Variable Separate Account, Fs Variable Separate Account, Fs Variable Separate Account

AutoNDA by SimpleDocs

FIXED ANNUITIZATION. If a Fixed Annuitization has been elected, the proceeds payable under this Contract Value, less any applicable premium taxes, shall be applied to the payment of the fixed annuity payment option elected at rates which are at least equal to the annuity rates based upon the applicable tables in the Contract. In no event will the Fixed Annuitization be changed once it begins. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying the portion of the Contract Value allocated by You for Fixed Annuitization, less any applicable premium taxes, to the annuity table applicable to the fixed annuity payment option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS

Appears in 4 contracts

Samples: Variable Annuity Account Five, Variable Separate Account of Anchor National Life Insur Co, Variable Annuity Account Seven

FIXED ANNUITIZATION. If a Fixed Annuitization has been elected, the proceeds payable under this Contract Value, less any applicable premium taxes, shall be applied to the payment of the fixed annuity payment option elected at rates which are at least equal to the annuity rates based upon the applicable tables in the Contracttables. In no event will the Fixed Annuitization be changed once it begins. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying the portion of the Contract Value allocated by You for Fixed Annuitization, less any applicable premium taxes, taxes to the annuity table applicable to the fixed annuity payment option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS

Appears in 2 contracts

Samples: Variable Separate Account of Anchor National Life Insur Co, Variable Separate Account of Anchor National Life Insur Co

AutoNDA by SimpleDocs

FIXED ANNUITIZATION. If a Fixed Annuitization has been elected, the Contract Value, proceeds payable under this Certificate less any applicable premium taxes, shall be applied to the payment of the fixed annuity payment option elected at rates which are at least equal to the annuity rates based upon the applicable tables in the Contracttables. In no event will the Fixed Annuitization be changed once it begins. AMOUNT OF FIXED ANNUITY PAYMENTS The amount of each fixed annuity payment will be determined by applying the portion of the Contract Certificate Value allocated by You for Fixed Annuitization, less any applicable premium taxes, taxes to the annuity table applicable to the fixed annuity payment option chosen. AMOUNT OF VARIABLE ANNUITY PAYMENTS

Appears in 1 contract

Samples: Variable Separate Account of Anchor National Life Insur Co

Time is Money Join Law Insider Premium to draft better contracts faster.