Common use of Fixed Dollar Annuity Clause in Contracts

Fixed Dollar Annuity. A fixed dollar annuity is an annuity payable from the General Account, with payments which remain fixed as to dollar amount throughout the period of Annuity Payments. A number of General Account annuity units is determined when payments commence, but the General Account annuity unit value is always $1.00. The number of such annuity units remains unchanged during the period of Annuity Payments. 2.07

Appears in 2 contracts

Samples: Minnesota Mutuals Variable Fund D, Minnesota Mutuals Variable Fund D

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Fixed Dollar Annuity. A fixed fixed-dollar annuity is an annuity payable from the General Account, with payments which remain fixed as to dollar amount throughout the period of Annuity Paymentspayment period. A number of General Account annuity units is determined when payments commence, but the value of the General Account annuity unit value is always $1.00. The Company may, from time to time, increase the number of General Account annuity units, to the extent that such annuity units remains unchanged during the are applicable to a guaranteed period of Annuity Payments. 2.07benefits, and the value of such additional units will be payable only during such guaranteed period.

Appears in 1 contract

Samples: Lincoln National Variable Annuity Fund A

Fixed Dollar Annuity. A fixed dollar annuity is an annuity payable from the General Account, with payments which remain fixed as to dollar amount throughout the period payment period. As in the case of Annuity Payments. A the variable annuity, a number of General Account annuity units is determined when payments commence, but . Since the General Account annuity unit value is always $1.00. The number of such annuity units remains unchanged during 10.00, payments after the period of Annuity Payments. 2.07first will always be the same as the first monthly payment.

Appears in 1 contract

Samples: Variable Annuity Acct C of Aetna Life Insurance & Annuity Co

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Fixed Dollar Annuity. A fixed dollar annuity is an annuity payable from the General Account, with payments which remain fixed as to dollar amount throughout the period of Annuity Payments. A number of General Account annuity units is determined when payments commence, but the General Account annuity unit value is always $1.00. The number of such annuity units remains unchanged during the period of Annuity Payments. 2.072.04

Appears in 1 contract

Samples: Minnesota Mutuals Variable Fund D

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