Fixed Annuity Payments. If a Fixed Annuity payment option has been elected, the proceeds payable under this Contract 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 Annuity payments be changed once they begin.
Appears in 5 contracts
Samples: Annuity Contract (Variable Separate Account of Anchor National Life Insur Co), Annuity Contract (Variable Annuity Account Five), Annuity Contract (Anchor National Life Insurance Co)
Fixed Annuity Payments. If a Fixed Annuity payment option has been elected, the proceeds payable under this Contract 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 as specified under the applicable tables in the ContractBASIS OF COMPUTATION FOR FIXED ANNUITY PAYMENTS. In no event will the Fixed Annuity payments be changed once they begin.
Appears in 2 contracts
Samples: Annuity Contract (Fs Variable Annuity Account Five), Annuity Contract (Fs Variable Separate Account)
Fixed Annuity Payments. If To the extent a Fixed fixed Annuity payment option Option has been elected, the proceeds payable under this Contract Contract, less any applicable premium taxes, shall be applied to the payment of the Fixed Annuity payment option Option elected at rates which are at least equal whichever of the following is more favorable to the Payee; (a) the annuity rates based upon the applicable tables in the Contractcontract; (b) the then current rates provided by The Company on contracts of this type on the Annuity Date. In no event will the Fixed Annuity payments be changed once they begin.
Appears in 1 contract
Samples: Insurance Contract (Jackson National Separate Account I)
