Common use of FIXED ANNUITY PAYOUTS Clause in Contracts

FIXED ANNUITY PAYOUTS. The dollar amount of all payments are fixed during the entire period of annuity payments, according to the provisions of the Annuity Payout Option selected. Guaranteed minimum Annuity Payout Option 1 and 2 rates for Fixed Annuity Payouts an based upon three percent (3%) yearly interest and unisex rates derived from 1983 Table a.

Appears in 4 contracts

Samples: Separate Account One of Northern Life Insurance Co, Separate Account One of Northern Life Insurance Co, Separate Account One of Northern Life Insurance Co

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