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Fixed Annuity Payment Sample Clauses

Fixed Annuity Payment. The minimum payment amounts and the age adjustments that will be used to determine the monthly payments for a Fixed Annuity Payment are shown on the Contract Specifications under the PAYMENT OPTION TABLES. The Payment Option Tables show the dollar amount of the guaranteed monthly payments which can be purchased with each $1,000 of Contract Value, after deduction of any applicable premium taxes. Determination of the first Annuity Payment Date is shown on the Contract Specifications under Annuity Payment Requirements.
Fixed Annuity Payment. The minimum payment amounts and the age adjustments that will be used to determine the monthly payments for a Fixed Annuity Payment are shown on the Contract Specifications under the PAYMENT OPTION TABLES. The Payment Option Tables show the dollar amount of the guaranteed monthly payments which can be purchased with each $1,000 of Contract Value, after deduction of any applicable premium taxes. Determination of the first Annuity Payment Date is shown on the Contract Specifications under Annuity Payment Requirements. DETERMINATION OF THE AMOUNT OF VARIABLE ANNUITY PAYMENTS AFTER THE FIRST PAYMENT. The first Variable Annuity Payment is sub-divided into components, each of which represents the product of A and B, where:
Fixed Annuity Payment. An Annuity Payment or any portion thereof for which SBL guarantees the dollar amount. Withdrawals you may make each Contract Year that are not subject to a Surrender Charge.
Fixed Annuity Payment. Emergency Cash Benefit Schedule Owner: [Xxxx Xxxxx] Date of Illustration: [July 15,1997] Annuitants: [Xxxx Xxxxx, date of birth June 21, 1933] [Xxxx Xxxxx, date of birth July 21, 1930] IRS Age Limitation Date: [June 1, 2020] (i) Premium Allocated to Life with Emergency Cash: [$100,000] First Payment Date: [January 1, 1998] Annuity Payment Frequency: [Monthly] Surrender Surrender Date of Payment Factor Date of Payment Factor --------------- ------ --------------- ------ [January 1998 148 July 2011 48 February 1998 147 July 2012 48 March 1998 146 July 2013 48 April 1998 145 July 2014 36 May 1998 144 July 2015 36 June 1998 143 July 2016 36 July 1998 142 July 2017 36 August 1998 141 July 2018 36 September 1998 140 July 2019 24 October 1998 139 July 2020 24 November 1998 138 July 2021 24 December 1998 137 July 2022 24 July 2023 24 July 1999 130 July 2024 12 July 2000 118 July 2025 12 July 2001 106 July 2026 12 July 2002 94 July 2027 12 July 2003 82 July 2028 12 July 2004 70 July 2029 12 July 2005 58 July 2030 12 July 2006 48 July 2031 12 July 2007 48 July 2032 12 July 2008 48 July 2033 12 July 2009 48 June 2034 12 July 2010 48 July 2034 0]

Related to Fixed Annuity Payment

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • ANNUITY PAYMENTS Annuity Payments will commence on the Annuity Payment Date. Payments are made under the Annuity Payment Option selected (see Section 8.02).

  • Life Annuity In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life. However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Spouse has provided a waiver in the form and manner required by Pension Legislation. Where the surviving Spouse is entitled to payments under the life annuity after the Annuitant’s death, those payments must be at least 60 percent of the amount to which the Annuitant was entitled prior to the Annuitant’s death. The life annuity may not differentiate based on gender except to the extent permitted by Pension Legislation.

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply. a. The entitlement to an annuity payment cannot be surrendered, disposed of, divulged or used as security and, in general, no legal action can be taken with regard to this insurance that may lead the tax authorities to take back the premium deduction they received for this insurance in the past. b. The insurer shall be held liable by law for the payment of the wage and income tax and revision interest owed by the policyholder or the person entitled to an annuity as soon as a circumstance referred to under point a arises. c. The insurer will then be entitled to set off the amount of the maximum wage and income tax and revision interest due against the value of the insured annuity(s), irrespective of whether these are paid out or not.

  • ANNUITY OPTIONS The following Annuity Options are available under this Contract. Additional options may become available in the future:

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any xxxx-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Duration of Insurance Contribution An employee is eligible for School District contributions as provided in this Article as long as an employee is employed by the School District. Employees whose employment terminates during the school year will be eligible for insurance and district contributions to insurance through the end of the month in which they terminate provided they pay the employee portion of the insurance premium for that month. Otherwise, the employee’s insurance will terminate as of the last day of employment.