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: 1a (Ge Life & Annuity Assurance Co Ii), Participation Agreement (Life of Virginia Separate Account Ii), Exhibit 1a (Ge Life & Annuity Assurance Co Ii)
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: Ge Capital Life Separate Account Ii, Ge Life & Annuity Assurance Co Iv, 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: Ge Life & Annuity Assurance Co
