Joint and Last Survivor Life Payments. Annuity Payments are paid for as long as either of two Annuitants is living as shown in Table C below. Annuity Plan Tables The following tables show the minimum monthly payments for each $1,000 of Proceeds or Cash Surrender Value, as applicable, applied under the Annuity Plan, assuming fixed payments with a net investment return of 1.0%, using the Annuity 2000 Mortality Tables. We may pay a higher rate at our discretion. In Tables B and C, the amount of each payment will depend on the Annuitant's sex and age as determined by the nearest birthday at the time Annuity Payments commence. Annuity Payments made on a basis other than monthly and for ages or number of years not shown will be calculated on the same basis as those shown and may be obtained from us by contacting our Customer Service Center at the address or phone number set forth on the first page of this Contract. Table A: Monthly Payments for a Period Certain Years Monthly Years Monthly Years Monthly Payable Payment Payable Payment Payable Payment 10 $8.75 17 $5.33 24 $3.90 11 7.99 18 5.05 25 3.76 12 7.36 19 4.81 26 3.64 13 6.83 20 4.59 27 3.52 14 6.37 21 4.40 28 3.41 15 5.98 22 4.22 29 3.31 16 5.63 23 4.05 30 3.21 IU-IA-3090 15 Table B: Monthly Life Payments (Single Annuitant) Life with 10 Year Life with 20 Year Age of Life Only Period Certain Period Certain Payee Male Female Male Female Male Female 50 $2.98 $2.75 $2.97 $2.74 $2.89 $2.70 55 3.37 3.08 3.34 3.07 3.20 2.99 60 3.89 3.52 3.82 3.49 3.55 3.34 65 4.58 4.11 4.44 4.04 3.91 3.72 70 5.54 4.93 5.20 4.75 4.22 4.10 75 6.87 6.12 6.09 5.67 4.43 4.38 80 8.72 7.88 7.00 6.71 4.54 4.53 85 11.30 10.50 7.79 7.65 4.58 4.58 Table C: Monthly Joint and Last Survivor Life Payments (Joint Annuitants) Male Age Female 50 55 60 65 70 75 80 85 Age 50 $2.47 $2.55 $2.47 $2.55 $2.62 $2.67 $2.70 $2.72 55 2.60 2.73 2.85 2.93 2.99 3.03 3.05 3.06 60 2.71 2.90 3.08 3.22 3.33 3.41 3.46 3.48 65 2.81 3.05 3.30 3.53 3.73 3.87 3.97 4.03 70 2.87 3.16 3.49 3.83 4.15 4.41 4.61 4.75 75 2.92 3.25 3.64 4.09 4.56 5.01 5.39 5.67 80 2.95 3.30 3.74 4.28 4.91 5.58 6.23 6.79 85 2.96 3.34 3.81 4.42 5.17 6.06 7.03 7.98 IU-IA-3090 16
Joint and Last Survivor Life Payments. Annuity Payments are paid for as long as either of two Annuitants is living as shown in Table C below. (5) Payments for Life with Surrender Right and Death Benefit - If Annuity Payments have not commenced by the latest Annuity Commencement Date permitted under the Contract, you may elect, in lieu of any other Annuity Plan, Annuity Payments that will begin on or about January 25th following the Annuity Commencement Date and be paid for as long as the Annuitant is living. Annuity Payments under this Annuity Plan will equal, on an annual calendar year basis after the Annuity Commencement Date, the greater of: (a) The MAW; and (b) The Accumulation Value as of the end of the prior calendar year, determined as if the Contract had not been annuitized, divided by the life expectancy of the Annuitant, based on the Annuitant’s age, as determined under the Single Life Table under Treasury Regulation Section 1.401(a)(9)-9 as shown in Table D. Under this option, the Accumulation Value will remain allocated among the available Sub-accounts as you direct. The Owner may Surrender the Contract at any time but Withdrawals or a subsequent election of a different Annuity Plan will not be permitted. ICC12 IL-IA-4030
Joint and Last Survivor Life Payments. Annuity Payments are paid for as long as either of two Annuitants is living as shown in Table C below.
Joint and Last Survivor Life Payments. Annuity Payments are paid for as long as either of two Annuitants are living as shown in Table C below. IU-IA-4000 If any Owner (or any Annuitant who is not an Owner) dies on or after the Annuity Commencement Date but before all guaranteed Annuity Payments have been paid, we are required to pay the remaining value of any such guaranteed payments at least as rapidly as it was being paid before death. Consequently, we will continue payments as mandated under the Annuity Plan that was in effect at the time of death until all guaranteed Annuity Payments due have been paid. Annuity Plan Tables The following tables show the minimum monthly payments for each $1,000 applied under the Annuity Plan, assuming fixed payments with a net investment return of 1.5%, using the Annuity 2000 Mortality Tables. We may pay a higher rate at our discretion. In Table B, the amount of each payment will depend on the Annuitant’s sex and Age at the time Annuity Payments commence. Payments other than monthly for Ages, number of years or joint life combinations not shown will be calculated on the same basis as those shown and may be obtained from us. Table A: Payments for a Period Certain Years Years Years 10 $8.97 17 $5.55 24 $4.13 11 8.22 18 5.28 25 3.99 12 7.59 19 5.04 26 3.87 13 7.05 20 4.82 27 3.75 14 6.60 21 4.62 28 3.64 15 6.20 22 4.44 29 3.54 16 5.86 23 4.28 30 3.45 Table B: Life Payments (Single Annuitant) Annuitant’s Life Only Life with 10 Years Period Certain Life with 20 Years Period Certain Age Male/Female Male/Female Male/Female 50 $3.25/3.01 $3.23/3.00 $3.15/2.96 55 3.65/3.35 3.61/3.33 3.46/3.25 60 4.17/3.79 4.09/3.75 3.80/3.59 65 4.87/4.39 4.71/4.30 4.15/3.97 70 5.85/5.22 5.47/5.02 4.45/4.34 75 7.20/6.43 6.35/5.93 4.66/4.61 80 9.10/8.22 7.25/6.96 4.77/4.75 85 11.75/10.91 8.02/7.89 4.81/4.81 90 15.40/14.76 8.56/8.50 4.82/4.82 Table C: Joint and Last Survivor Life Payments (Joint Annuitants) Male Age Female Age 50 55 60 65 70 50 $2.72 $2.81 $2.88 $2.93 $2.96 55 2.85 2.99 3.10 3.19 3.25 60 2.97 3.16 3.33 3.48 3.59 65 3.06 3.31 3.55 3.79 3.99 70 3.13 3.42 3.75 4.09 4.41 IU-IA-4000
