Initial Purchase Payment. The Single Purchase Payment is due on the Date of Issue. The minimum Single Purchase Payment which may be made is $25,000. The Company will use the Initial Purchase Payment on the day it is received at the Home Office to provide accumulation units, the number of which will be based on that day's value of such units.
Appears in 5 contracts
Samples: Variable Annuity Contract (First Investors Life Variable Annuity Fund D), Single Payment Deferred Variable Annuity (First Investors Life Variable Annuity Fund D), Variable Annuity Contract (First Investors Life Variable Annuity Fund D)
