FIXED PERIOD OPTION. This option provides payments for a fixed number of years between 5 and 20. If the Contract Value is held in the Fixed Account, then the amount of the 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 amount of the payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving the fixed number of payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 16 contracts
Samples: Flexible Premium Deferred Variable Annuity Contract (Variflex Ls), Flexible Premium Deferred Variable Annuity Contract (Variflex Signature), Flexible Premium Deferred Variable Annuity Contract (Variflex Signature)
FIXED PERIOD OPTION. This option provides payments for a fixed number of years between 5 and 20. If the Contract Value is held in the Fixed General Account, then the amount of the 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 amount of the payments will vary as a result of the investment performance of the Subaccounts Series chosen. If all the Annuitants die Participant dies before receiving the fixed number of payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 3 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 PERIOD OPTION. This option provides provide payments for a fixed number of years between 5 and 20. If the Contract Value is held in the Fixed Account, then the amount of the 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, Account then the amount of the payments will vary as a result of the investment performance of the Subaccounts chosen. If all the Annuitants die before receiving the fixed number of payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 1 contract
Samples: Variable Annuity Contract (Parkstone Variable Annuity Account)
FIXED PERIOD OPTION. This option provides payments for a fixed number of years between 5 and 20. If the Contract Value is held in the Fixed Account, then the amount of the 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 Variable Account, then the amount of the payments will vary as a result of the investment performance of the Subaccounts specific Sub-Accounts chosen. If all the Annuitants die dies before receiving the fixed number of payments, any remaining payments will be made to the Designated Beneficiary.
Appears in 1 contract
Samples: Annuity Contract (Parkstone Variable Annuity Account)
