Fixed Annuity Payments. To the extent a fixed income option has been elected, the Contract Value allocated to the fixed annuity payment option, less any applicable taxes and Contract charges, shall be applied to the payment of the income option elected at whichever of the following is more favorable to the Owner:
Appears in 4 contracts
Sources: Annuity Contract (Jnlny Separate Account I), Annuity Contract (Jnlny Separate Account I), Annuity Contract (Jnlny Separate Account I)