Fixed Dollar Annuity Sample Clauses

Fixed Dollar Annuity. Fixed Dollar Annuity payments remain fixed as to dollar amount throughout the payment period. The dollar amount is as stated on page 1.

Fixed Dollar Annuity. Variable Annuity -- A variable annuity is an annuity with payments increasing or decreasing in amount in accordance with the net investment results of the Sub- Account(s) of the Separate Account (as described in the Valuation Provisions) After the first monthly payment for a variable annuity has been determined in accordance with the provisions of this contract, a number of Sub-Account Annuity Units is determined by dividing that first monthly payment by the appropriate Sub-Account Annuity Unit value on the effective date of the annuity payments. SETTLEMENT PROVISIONS (Continued) Once variable annuity payments have begun, the number of Annuity Units remains fixed with respect to a particular Sub-Account. If the Contract Owner elects that continuing annuity payments be based on a different Sub-Account, the number will change effective with that election but will remain fixed in number following such election. The method of calculating the unit value is described under Valuation Provisions. The dollar amount of the second and subsequent variable annuity payments is not predetermined and may increase or decrease from month to month. The actual amount of each variable annuity payment after the first is determined by multiplying the number of Sub-Account Annuity Units by the Sub-Account Annuity Unit value as described in the Valuation Provisions. The Sub-Account Annuity Unit value will be determined no earlier than the fifth Valuation Day preceding the date the annuity payment is due. The Company guarantees that the dollar amount of variable annuity payments will not be adversely affected by variations in the expense results and in the actual mortality experience of payees from the mortality assumptions, including any age adjustment, used in determining the first monthly payment. Fixed Dollar Annuity -- A fixed dollar annuity is an annuity with payments which remain fixed as to dollar amount throughout the payment period. ANNUITY OPTIONS FIRST OPTION -- Life Annuity -- An annuity payable monthly during the lifetime of the payee, ceasing with the last payment due prior to the death of the payee. SECOND OPTION -- Life Annuity with 120, 180 or 240 Monthly Payments Certain -- An annuity providing monthly income to the payee for a fixed period of 120 months, 180 months, or 240 months (as selected), and for as long thereafter as the payee shall live. THIRD OPTION -- Joint and Last Survivor Life Annuity -- An annuity payable monthly during the joint lifetime of the pa...

Fixed Dollar Annuity. Frequency of Payment. 2.06 2.07 2.08 2.09

Fixed Dollar Annuity. 4 STANDARD TABLES

Fixed Dollar Annuity. A series of periodic payments which remain fixed throughout the payment period and which do not vary with investment experience.