Common use of Fixed Annuity Payments Clause in Contracts

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 9 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co)

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Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31% and the 1983a 2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 8 contracts

Samples: Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 7 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 4 contracts

Samples: Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity CONVERSION TO CURRENT RATES - The annuity payments made will be based on the greater of: . our current income factors in effect for this Contract on the your Annuity Date; or . our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the your elected Annuity Option.

Appears in 3 contracts

Samples: Individual Flexible Premium Variable Accumulation Annuity Contract (Separate Account a of Pacific Mutual Life Ins Co), Individual Flexible Premium Deferred Variable Annuity Contract (Separate Account a of Pm Group Life Insurance Co), Individual Flexible Premium Deferred Variable Annuity Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: * our current income factors in effect for this Contract on the Annuity Date; or * our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 3 contracts

Samples: Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.50% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 3 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a 2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any annuity payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 2 contracts

Samples: Contract (Separate Account a of Pacific Life & Annuity Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: * our current income factors in effect for this Contract on the Annuity Date; or * our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 2 contracts

Samples: Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co), Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% shown in the Contract Specifications and the 1983a 2000 Individual Annuity Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 2 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity CONVERSION TO CURRENT RATES - The annuity payments made will be based on the greater of: o our current income factors in effect for this Contract on the your Annuity Date; or o our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the your elected Annuity Option.

Appears in 2 contracts

Samples: Individual Flexible Premium Variable Accumulation Annuity Contract (Separate Account B of Pacific Mutual Life Insurance Co), Individual Flexible Premium Variable Accumulation Annuity Contract (Separate Account B of Pacific Mutual Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% [1.00%] and the 1983a [2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years]. Conversion to Current Rates Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any annuity payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 2 contracts

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co), Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% [1.00%] and the 1983a [2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) yearsyears ]. Conversion to Current Rates – Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any annuity payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates - Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 1000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) yearsTable. Conversion to Current Rates – Annuity The fixed annuity payments made will be based on the greater of: (1) our current income factors annuity purchase rates in effect for this Contract on the your Annuity Date; or • and (2) our guaranteed income factorspurchase rates. The dollar amount of any payments after the first annuity payment is are specified during the annuity payment period according to the provisions of the elected Annuity OptionOption you elect.

Appears in 1 contract

Samples: Individual Flexible Premium Variable Annuity Contract (Separate Account a of Pacific Mutual Life Ins Co)

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Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% [1.00%] and the 1983a [Annuity 2012 Mortality Table with the ages set back ten (10) years]. Conversion to Current Rates – Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any annuity payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.50% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.. ICC12:10-1253

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of [3% %] and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.. 10-2253

Appears in 1 contract

Samples: Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a 2012 Individual Annuity Mortality Period Life Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any annuity payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 31.00% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years. Conversion to Current Rates Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.. ICC12:10-1252

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity CONVERSION TO CURRENT RATES -- The annuity payments made will be based on the greater of: -- our current income factors in effect for this Contract on the your Annuity Date; or -- our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the your elected Annuity Option.

Appears in 1 contract

Samples: Individual Flexible Premium Deferred Variable Annuity Contract (Separate Account a of Pacific Life & Annuity Co)

Fixed Annuity Payments. The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3[1.00% and the 1983a Annuity 2000 Mortality Table with the ages set back ten (10) years]. Conversion to Current Rates Annuity payments will be based on the greater of: · our current income factors in effect for this Contract on the Annuity Date; or · our guaranteed income factorsfactors set forth in this Contract. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

Appears in 1 contract

Samples: Insurance Contract (Separate Account a of Pacific Life Insurance Co)

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