Interest Income. We will make periodic payments of interest earned from the proceeds left with us. Payments can be annual, semi-annual, quarterly or monthly, and will begin at the end of the first period chosen. Proceeds left under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. If the payee dies, the amount of remaining proceeds and any earned but unpaid interest will be paid in one sum to his or her estate unless otherwise provided.
Appears in 6 contracts
Samples: Flexible Premium Variable Joint and Last Survivor Life Insurance Policy (Ge Life & Annuity Assurance Co Iii), Flexible Premium Variable Joint and Last Survivor Life Insurance Policy (Ge Life & Annuity Assurance Co Ii), Flexible Premium Variable Joint and Last Survivor Life Insurance Policy (Ge Capital Life Separate Account Iii)
Interest Income. We will make periodic payments of interest earned from the proceeds left with us. Payments can be annual, semi-annual, quarterly or monthly, and will begin at the end of the first period chosen. Proceeds left under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. If the payee Payee dies, the amount of remaining proceeds and any earned but unpaid interest will be paid in one sum to his or her estate unless otherwise provided.
Appears in 4 contracts
Samples: Flexible Premium Variable Deferred Annuity Contract (Ge Capital Life Separate Account Ii), Flexible Premium Variable Deferred Annuity Contract (Ge Life & Annuity Assurance Co Iv), Flexible Premium Variable Deferred Annuity Contract (Ge Life & Annuity Assurance Co Iv)
Interest Income. We will make periodic payments of interest earned from the proceeds left with us. Payments can be annual, semi-annual, quarterly or monthly, and will begin at the end of the first period chosen. Proceeds left under this plan will earn interest at 3% compounded yearly. We may increase the interest rate and the amount of any payment. If the payee Annuitant/Payee dies, the amount of remaining proceeds and any earned but unpaid interest will be paid in one a lump sum to his or her the Annuitant/Payee's estate unless otherwise provided.
Appears in 1 contract
Samples: Single Purchase Payment Modified Guaranteed Annuity Contract (Ge Life & Annuity Assurance Co)
