FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 10 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (Variflex Ls), Flexible Premium Deferred Variable Annuity Contract (Variflex Signature), Flexible Premium Deferred Variable Annuity Contract (Price T Rowe Var an Acct of Fir Sec Ben Lif Ins&ann Co of Ny)
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 4 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (Variflex Signature), Flexible Premium Deferred Variable Annuity Contract (Variflex Signature), Flexible Premium Deferred Variable Annuity Contract (Variflex Signature)
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts Series chosen. If all the Annuitants die Participant dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 4 contracts
Samples: Group Flexible Premium Deferred Variable Annuity Contract (Variflex), Group Flexible Premium Deferred Variable Annuity Contract (Variflex), Group Flexible Premium Deferred Variable Annuity Contract (Variflex)
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed General Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed General Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts Series chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 2 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (Variflex), Flexible Premium Deferred Variable Annuity Contract (Variflex)
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die dies before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 2 contracts
Samples: Variable Annuity Contract (Parkstone Variable Annuity Account), Variable Annuity Contract (Parkstone Variable Annuity Account)
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustmentsadjustment, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited on the Fixed Account. This rate is guaranteed to be no less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 1 contract
Samples: Variable Annuity Contract (Parkstone Variable Annuity Account)
FIXED PAYMENT OPTION. This option provides a fixed payment amount. This amount is paid until the amount applied, including daily interest adjustments, is paid. If the Contract Value is held in the Fixed Account, then the number of payments will vary as a result of the interest rate (as adjusted periodically) credited credit on the Fixed Account. This rate is guaranteed to be no not less than the Guaranteed Rate shown on page 3. If the Contract Value is held in the Separate Account, then the number of payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving all the payments, any remaining payments will be made to the Designated Beneficiary.. OPTION 7
Appears in 1 contract
Samples: Flexible Premium Deferred Variable Annuity Contract (Parkstone Variable Annuity Account)
