FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Contract Value is exhausted. If the Contract Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Contract Value. This rate is guaranteed to be no less then the Guaranteed Rate set forth on page 3. If the Contract Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary.
Appears in 22 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xiv)
FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Contract Value is exhausted. If the Contract Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Contract Value. This The interest rate is guaranteed to be no less then the Guaranteed Rate set forth on page 3. Fixed Annuity Payments are subject to any applicable Market Value Adjustments. If the Contract Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary.
Appears in 4 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii), Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xvii)
FIXED PAYMENT OPTION. This option provides for Annuity Payments of a fixed amount selected by the Owner. This amount is paid until Contract Value is exhausted. If the Contract Value is held in the Fixed Account, then the number of Annuity Payments will vary as a result of the interest rate (as adjusted periodically) credited on Fixed Account Contract Value. This rate is guaranteed to be no less then the Guaranteed Rate set forth on page 325. If the Contract Value is held in the Separate Account, then the number of Annuity Payments will vary as a result of the investment performance of the Subaccounts chosen. If the Annuitant dies before receiving all of the Annuity Payments, any remaining Annuity Payments will be made to the Designated Beneficiary.
Appears in 1 contract
Samples: Flexible Premium Deferred Variable Annuity Contract (SBL Variable Annuity Account Xiv)
